ASAS Makeen Real Estate Development and Investment Company LLC 9640.SR · SAR
Real Estate · Tadawul · 🇸🇦 Saudi Arabia
19.90
—
Close of 9 Nov 2026, in SAR
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About ASAS Makeen Real Estate Development and Investment Company LLC
Its shares trade on Tadawul under the ticker 9640.SR. It has been listed since 16 June 2025. In the fiscal year to 31 December 2025, it reported revenue of SAR 405.2m and net income of SAR 129.9m. At that date it held total assets of SAR 1.06bn and shareholders' equity of SAR 469.6m.
Asas Makeen Real Estate Development & Investment Co. engages in the evelopment and investment of land through the construction and marketing of residential units, commercial complexes, and office buildings on land owned by the company or by third parties. The company is headquartered in Riyadh, Riyadh. The company went IPO on 2025-06-16. The firm is engaged in purchase, sale, and subdivision of land and properties, off-plan property sales, management and leasing of owned or rented residential properties. The firm is organized into four segments which include real estate segment, contracting segment, property management and leasing services segment, third-party development segment. Real estate segment is engaged in purchasing, selling, and subdivision of land and properties. Contracting segment is engaged in activities involving general construction of residential and non-residential buildings. property management and leasing services segment is engaged in Activities related to managing and leasing owned or rented residential properties. Third-party development segment is engaged in activities involving the development of real estate units on behalf of others.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Real Estate
- Industry
- Real Estate Management & Development
- Listed since
- 16 Jun 2025
- Website
- asasmakeen.com ↗
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Company engages in development and investment of land through construction and marketing of residential units, commercial complexes, and office buildings.
- Headquartered in Riyadh, Saudi Arabia, with a focus on real estate development and investment.
- Operates through four segments including real estate, contracting, property management, and third-party development.
Weaknesses
- IPO scheduled for 2025-06-16, indicating potential early-stage market entry challenges.
- Relies on third-party land ownership for some projects, increasing dependency risks.
- No specific financial metrics or historical performance data provided for assessment.
Opportunities
- Expanding real estate market in Riyadh offers growth potential for residential and commercial projects.
- Third-party development segment can leverage partnerships for additional revenue streams.
- Off-plan property sales and property management services can attract long-term tenants and buyers.
Threats
- Market volatility in the real estate sector could impact project viability and sales.
- Competition from established real estate developers in Riyadh may limit market share.
- Regulatory changes in Saudi Arabia's real estate sector could affect operations.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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