Overview

Last updated 14/05/2008
Country Saudi Arabia
Ownership Private
Ownership Type Listed
Organisation Type Joint-Stock
Sector | Sub sector
  • Real Estate | Developers and Landlords
Date of establishment September 2006
Address
Saudi Arabia Phone +966 2 6159999
 Fax +966 2 4202866

Summary

Last updated 14/05/2008

Emaar Economic City (EEC) is a Saudi Arabian real estate development company established in 2006 by Dubai-based Emaar Properties and a number of Saudi Arabian investors. EEC is a single purpose company exclusively responsible for development of the King Abdullah Economic City (KAEC) project on a 168 mn sqm land plot on the Red Sea coast and within Saudi Arabia’s most populous region (the western region). In terms of built-up area, the land bank is estimated to total 144.75 mn sqm.

The King Abdullah Economic City is comprised of six zones and districts, notably the port, industrial district, resort, educational zone, residential district and financial island.

Officers

Last updated 17/04/2008
Name Job Title
Mohamed Ali Alabbar Chairman
Fahed Al Rasheed Chief Executive Officer

Ownership / Shareholders

Last updated 17/04/2008
Name Country Holding
EMAAR Properties UAE 31.00%
Public n/a 30.00%
Other Corporations n/a 21.80%
Other Shareholders n/a 13.70%
Other Founders n/a 3.50%

Quote

Last 10.00 SAR -0.05 -0.50%
Open 10.20 High/Low 10.25/9.90
Volume 202 YR High/Low 28.75/8.10


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