Khalid Alsehaibany, CEO ofSaudi Real Estate Co. (Al Akaria)
Some non-core land sales, which are expected to show in Q1 2025 results, will boost profitability and enhance the efficiency of asset deployment. Al Akaria adopts a clear plan that aims to bolster returns and operating revenue. 
The company continues to take steady steps to achieve its strategy, aiming to maximize shareholder returns, diversify income sources, maintain a balanced and healthy capital structure, and ensure efficient operational performance.
Alsehaibany stated that the positive Q4 2024’s financials were exceptional, highlighted by the net profit attributable to the parent company’s shareholders, along with significant improvements across all operational segments throughout the year.
He noted that the company is currently developing high-quality projects aimed at sustaining performance improvement, including the Diplomatic Quarter (Reef Project) and the Tilal Al Riyadh project, both slated for completion and operation in 2026.
Fourth-quarter revenues were driven by three key segments, with the real estate sales segment making the most significant contribution, accounting for 51% of total revenues. This was primarily due to the launch of sales operations in the final phase of residential plots at the Al Akaria Park project in the Al Murjan district, eastern Riyadh, as well as the high completion rates in the Sedra-1 project within the Roshn developments.
The infrastructure projects segment followed, contributing 35% of total revenues, driven by higher completion rates in infrastructure projects, particularly those carried out for the Diriyah Development Co., including excavation work for parking lots and the metro station. Meanwhile, rental revenues made up 12% of total revenues, reflecting improved revenue performance.
Khalid Alsehaibany, CEO ofSaudi Real Estate Co. (Al Akaria)
Some non-core land sales, which are expected to show in Q1 2025 results, will boost profitability and enhance the efficiency of asset deployment. Al Akaria adopts a clear plan that aims to bolster returns and operating revenue.
The company continues to take steady steps to achieve its strategy, aiming to maximize shareholder returns, diversify income sources, maintain a balanced and healthy capital structure, and ensure efficient operational performance.
Alsehaibany stated that the positive Q4 2024’s financials were exceptional, highlighted by the net profit attributable to the parent company’s shareholders, along with significant improvements across all operational segments throughout the year.
He noted that the company is currently developing high-quality projects aimed at sustaining performance improvement, including the Diplomatic Quarter (Reef Project) and the Tilal Al Riyadh project, both slated for completion and operation in 2026.
Fourth-quarter revenues were driven by three key segments, with the real estate sales segment making the most significant contribution, accounting for 51% of total revenues. This was primarily due to the launch of sales operations in the final phase of residential plots at the Al Akaria Park project in the Al Murjan district, eastern Riyadh, as well as the high completion rates in the Sedra-1 project within the Roshn developments.
The infrastructure projects segment followed, contributing 35% of total revenues, driven by higher completion rates in infrastructure projects, particularly those carried out for the Diriyah Development Co., including excavation work for parking lots and the metro station. Meanwhile, rental revenues made up 12% of total revenues, reflecting improved revenue performance.
