Emaar The Economic City incurs $293mln losses in 2024
The group posted 58.68% year-on-year (YoY) lower revenues at SAR 426 million in 2024, compared to SAR 1.03 billion in 2023, as per the financial results.
Loss per share amounted to SAR 2.17 last year, up from SAR 0.48 in 2023.
At the end of September 2024, Emaar The Economic City reported net losses worth SAR 1.15 billion, higher by 2,253% YoY than SAR 49 million.
Source: Mubasher
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