Contact us | +971 4 3635663
Sponsored by   Mudabala
 
 
BETA
Loading Loading ...
Sun, 22 Nov 2009 | 22:13 GMT

Emaar the Economic City   (4220.SSE)
Also known as: EEC, Emaar EC
Last Trade
10.40 SAR
- 0.48%
 
 
 
 
 
 
 
 
 
 
 
 
 
Company Updated: Mar 26, 2009
 
Joint Stock
 
 
Development and management of King Abdullah Economic City.
2006 (September)
N/A Company, 300 Headquarters (As of Oct 19, 2009)
168 million square meters with a 35 kilometer beachfront
USD50 billion
Riyadh
King Abdullah Economic City
 
 
 
 
4220 
Ordinary 
SAR 
 
 Key Officers
Fahd Bin Abdulmohsen Al Rashid
Director and Chief Executive Officer
 
 Contact Details
Address:
24 North Building C
Prince Sultan Street
P.O. Box 8299
Jeddah 21482
Saudi Arabia
 
+966 2-615-9999
 
+966 2-420-2498
 
info@emaarec.ae
 
www.kingabdullahcity.com
www.baylasun.com
www.kaec.net

 
  Latest Headline
US mayors visit KAEC - Arab News
 
  IPO Details
Listing Date:
07Oct06
Size of Offering:
$679.93M
Equity Offering:
30%
Lead
Managers:
SABB
 

  Business Overview
Emaar the Economic City (ECC) is a Saudi-based real estate investment, development and management company. EEC was established for the primary purpose of planning and managing the King Abdullah Economic City (KAEC) and will be involved in the development of residential, commercial, industrial, retail, hotel and other properties.

The company began building the SAR187.6 billion (USD50 billion) KAEC free economic zone, in 2005 and is expected to complete it in 2026. KAEC is one of the largest private projects being built in Saudi Arabia, based on total cost and its land area of 168 million sq. m (1.8 billion sq. ft.).The mega-development consists of a seaport, a 63 million sq. m (678.1 million sq. ft.) industrial zone, a 350,000 sq. m (3.7 million sq. ft.) residential district of 260,000 apartments and 56,000 villas, a financial island, an educational zone and a waterside resort.

The TadawulTadawulLoading... listed company established its only subsidiary, Cadre the Economic Cities in May, 2008, which is engaged in human resource management.
 
 
 Major Shareholders
This Requires Subscription
 Available to subscribers only. Information in this section includes Shareholder Names and their corresponding Holding Percentages. » More Details
 
  Organization Structure and Related Entities 
Subsidiaries/Associates/Affiliates
 
Name  Country  Holding
Cadre the Economic Cities Saudi Arabia 95.00%
Supervising Authority
 
Name  Country  Holding
Saudi Arabian General Investment Authority Saudi Arabia -
Developments and Projects
 
Name  Country  Holding
Bay La Sun Village [in King Abdullah Economic City] Saudi Arabia 100.00%
Esmeralda Suburb Villas [in King Abdullah Economic City] Saudi Arabia 100.00%
Industrial Valley [in King Abdullah Economic City] Saudi Arabia 100.00%
King Abdullah Economic City [KAEC] Saudi Arabia 100.00%
 
 
  Representatives
Auditors
 
Ernst and Young
 
Banks
 
Samba Financial Group
 
Law Firms
Allen and Overy
Baker and Mckenzie
 
 Summary Financials
This Requires Subscription
 Available to subscribers only. Information in this section includes key financials data such as Total Revenues, Net Profits, Totals Assets, Shareholder Equity, etc. » More Details
 
Company information provided by © 2009 ABQ Zawya Ltd.
 
 
    
 
 
 
 
 

Site is optimised for viewing at 1024 x 768 with Internet Explorer v6 and Firefox v3.0 and above.
Copyright © 2009 ABQ Zawya Ltd. All rights reserved. Please read our Membership Agreement