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Articles > Hamad Bin Saedan Real Estate Reports Impressive 96.10% Increase in Net Profit in H1-26!

Hamad Bin Saedan Real Estate Reports Impressive 96.10% Increase in Net Profit in H1-26!

By KlickAnalytics Data Insights  |   August 31, 2026 06:04PM ET

- Hamad Bin Saedan Real Estate's net profit soared to SAR 12.13 million in the first half of 2026, marking a significant 96.10% rise from SAR 6.19 million in H1-25.
- Earnings per share (EPS) also saw a substantial increase to SAR 0.43 in H1-26 from SAR 0.26 in the previous year.
- The company credited the profit growth to a substantial surge in its share of net profits from joint ventures, reaching SAR 20.79 million in H1-26 compared to SAR 1.74 million in the same period last year.

The company's total revenue jumped by 13.77% to SAR 37.87 million in H1-26, driven by strong land and real estate sales amounting to SAR 26.48 million, along with a rise in rental income reaching SAR 3.50 million.

While there were notable gains, the company faced a decline in real estate partnership revenues, dropping to SAR 7.38 million in the first half of 2026 from SAR 20.44 million in H1-25. Factors contributing to this included lower profits from investment properties sales and provisions for white land fees.

Despite these challenges, total shareholders' equity surged by 21.35% to hit SAR 316.36 million by the end of June 2026. Hamad Bin Saedan Real Estate's promising financial performance in H1-26 reflects its resilience and strategic growth initiatives in the real estate market. Investors are closely watching the company as it continues to navigate challenges and capitalize on opportunities in the industry.
Disclaimer: the above is a summary showing certain market information. KlickAnalytics is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from various resources and more. Communications displaying market prices, data and other information available in this post are meant for purely for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.

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