Riyadh – Mubasher: Knowledge Economic City recorded a net profit of SAR 99.68 million for the third quarter (Q3) of 2026, an annual hike of 252.99% from SAR 28.24 million.
The company also reversed a loss from the previous quarter, when it had posted a net deficit of SAR 12.91 million.
Quarterly revenues hit SAR 245.13 million, up 98.76% from SAR 123.33 million a year earlier.
The company attributed the growth to higher residential project income following new regulations for non-Saudi property ownership, the opening of a new hotel, and the July 2026 sale of a land plot for SAR 169.60 million.
Operating profit for the quarter rose 455.60% to SAR 139.72 million.
In the first nine months (9M) of 2026, the company recorded a net profit of SAR 71.34 million, compared to a net loss of SAR 26.71 million in the prior year.
Total revenues for the period jumped by 40.16% to SAR 330.48 million.
Earnings per share (EPS) stood at SAR 0.21 in 9M-26, versus a loss per share of SAR 0.08 in 9M-25.
Accumulated losses were reported at SAR 371 million, representing 10.93% of capital. Total shareholders' equity increased by 2.47% to SAR 3.03 billion.
Meanwhile, the group’s shareholders are set to vote to amend Article 2 of the bylaws to change its official name to Jewar Economic City.
