The real estate developer reports continued expansion in Saudi Arabia, contributing to an increase in its gross development value to $19 billion across multiple markets.
The luxury real estate developer reported a significant profit turnaround and revenue growth in H1 2025, driven by strong sales and expansion into new markets. However, high valuation and expansion risks warrant investor caution.
The real estate developer has completed the transfer of its listing from the Equity Shares (Transition) category to the Equity Shares (Commercial Companies) category.
The prominent real estate developer has acquired a prime land parcel in Jeddah, Saudi Arabia to build a luxury mixed-use scheme with an estimated GDV of ~$640 million.
The real estate developer is transferring its listing category on the London Stock Exchange to the Equity Shares (Commercial Companies) segment.
The real estate developer is expanding its presence in Saudi Arabia, securing new financing, and diversifying into financial services, signaling strategic growth initiatives.
The real estate developer has entered into agreements to invest $390 million in strategic land acquisitions in Jeddah and Riyadh, Saudi Arabia, solidifying its commitment to the country's rapidly growing real estate market.
The luxury real estate developer faced significant headwinds, reporting a sharp decline in profits and revenue. Despite increased contracted sales, the company grapples with delayed revenue recognition and challenging global market conditions.
The real estate developer announced the launch of over $1.9 billion in new luxury projects across the Middle East and Europe, strengthening its position as a global player in the sector.