Saudi Arabian (Tadawul) Real Estate Sector Analysis

Sector Valuation and Performance

Has the Saudi Arabian Real Estate Sector valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Sat, 27 Jun 2026	ر.س128.6b	ر.س27.3b	ر.س6.3b	16x	20.3x	4.7x
Mon, 25 May 2026	ر.س134.2b	ر.س28.7b	ر.س6.7b	15.8x	20x	4.7x
Wed, 22 Apr 2026	ر.س137.1b	ر.س28.9b	ر.س6.5b	16x	21.1x	4.7x
Fri, 20 Mar 2026	ر.س136.6b	ر.س29.7b	ر.س6.9b	15x	19.9x	4.6x
Sun, 15 Feb 2026	ر.س135.2b	ر.س29.7b	ر.س6.9b	14.7x	19.7x	4.6x
Tue, 13 Jan 2026	ر.س131.5b	ر.س29.7b	ر.س6.9b	14.9x	19.2x	4.4x
Thu, 11 Dec 2025	ر.س133.5b	ر.س28.6b	ر.س6.6b	15.9x	20.3x	4.7x
Sat, 08 Nov 2025	ر.س146.3b	ر.س26.8b	ر.س5.5b	17x	26.6x	5.5x
Mon, 06 Oct 2025	ر.س156.7b	ر.س26.6b	ر.س5.4b	17.5x	29.1x	5.9x
Wed, 03 Sep 2025	ر.س143.5b	ر.س24.9b	ر.س5.0b	21.5x	28.9x	5.8x
Fri, 01 Aug 2025	ر.س149.9b	ر.س24.6b	ر.س4.3b	22.1x	34.6x	6.1x
Sun, 29 Jun 2025	ر.س179.0b	ر.س26.5b	ر.س5.5b	24.5x	32.7x	6.7x
Tue, 27 May 2025	ر.س177.6b	ر.س25.6b	ر.س5.1b	26.2x	34.7x	6.9x
Thu, 24 Apr 2025	ر.س190.1b	ر.س24.6b	ر.س3.6b	31x	52.3x	7.7x
Sat, 22 Mar 2025	ر.س180.8b	ر.س23.1b	ر.س3.7b	20.9x	49.2x	7.8x
Mon, 17 Feb 2025	ر.س162.3b	ر.س21.5b	ر.س2.5b	19.7x	64.4x	7.6x
Wed, 15 Jan 2025	ر.س151.6b	ر.س21.5b	ر.س2.5b	20.4x	60.1x	7.1x
Fri, 13 Dec 2024	ر.س145.2b	ر.س21.5b	ر.س2.5b	20.1x	57.6x	6.8x
Sun, 10 Nov 2024	ر.س148.6b	ر.س20.5b	ر.س2.9b	20.6x	51.7x	7.3x
Tue, 08 Oct 2024	ر.س142.6b	ر.س20.3b	ر.س3.3b	22.1x	43.8x	7x
Thu, 05 Sep 2024	ر.س146.1b	ر.س20.2b	ر.س3.3b	22x	43.9x	7.2x
Sat, 03 Aug 2024	ر.س140.5b	ر.س18.9b	ر.س3.3b	25.1x	42.4x	7.5x
Mon, 01 Jul 2024	ر.س131.5b	ر.س18.9b	ر.س3.3b	24.8x	39.4x	7x
Wed, 29 May 2024	ر.س132.0b	ر.س18.4b	ر.س3.3b	25x	40.4x	7.2x
Fri, 26 Apr 2024	ر.س144.5b	ر.س17.1b	ر.س3.4b	25.3x	41.9x	8.5x
Sun, 24 Mar 2024	ر.س149.1b	ر.س16.0b	ر.س2.9b	27.7x	50.8x	9.3x
Tue, 20 Feb 2024	ر.س131.1b	ر.س15.9b	ر.س2.8b	26.1x	47.4x	8.2x
Thu, 18 Jan 2024	ر.س120.3b	ر.س15.9b	ر.س2.8b	24.5x	43.5x	7.6x
Sat, 16 Dec 2023	ر.س118.5b	ر.س15.8b	ر.س2.7b	23.3x	43.2x	7.5x
Mon, 13 Nov 2023	ر.س109.9b	ر.س16.1b	ر.س2.1b	22.4x	52.1x	6.8x
Wed, 11 Oct 2023	ر.س113.0b	ر.س16.0b	ر.س2.1b	22.2x	52.6x	7.1x
Fri, 08 Sep 2023	ر.س121.2b	ر.س15.9b	ر.س2.4b	23.3x	51.5x	7.6x
Sun, 06 Aug 2023	ر.س130.2b	ر.س15.2b	ر.س1.9b	22x	70.1x	8.6x
Tue, 04 Jul 2023	ر.س125.4b	ر.س15.0b	ر.س1.8b	22x	68.3x	8.3x

Current Industry PE

Investors are pessimistic on the Saudi Real Estate industry, indicating that they anticipate long term growth rates will be lower than they have historically.

The industry is trading at a PE ratio of 20.3x which is lower than its 3-year average PE of 41.1x.

The 3-year average PS ratio of 6.7x is higher than the industry's current PS ratio of 4.7x.

Past Earnings Growth

The earnings for companies in the Real Estate industry have grown 51% per year over the last three years.
Revenues for these companies have grown 22% per year.
This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Saudi Arabian Real Estate sector?


SA Market	-1.66%
Real Estate	0.65%
Retail REITs	1.24%
Specialized REITs	1.02%
Real Estate	0.70%
REITS	0.18%
Industrial REITs	0%	0
Hotel and Resort REITs	-0.19%

Industry PE

Investors are most optimistic about the REITS industry, which is trading close to its 3-year average PE ratio of 38.3x.

It looks like they are confident that earnings will grow faster in the future than they have historically.

Forecasted Growth

Analysts are most optimistic on the Real Estate industry, expecting annual earnings growth of 5.9% over the next 5 years.
However this is lower than its past earnings growth rate of 16% per year.

In contrast, the Real Estate industry is expected to see its earnings grow by 5.9% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

Company	Last Price	7D	1Y	Valuation
4325 Umm Al Qura for Development and Construction	ر.س17.84	6.1% +ر.س1.5b	-27.1%	PE29.5x
4310 Knowledge Economic City	ر.س12.43	6.1% +ر.س240.9m	-4.8%	PS13x
4322 Retal Urban Development	ر.س12.30	1.8% +ر.س109.8m	-16.0%	PE21.6x
4344 SEDCO Capital REIT Fund	ر.س7.99	1.0% +ر.س15.0m	14.1%	PB1x
4339 Derayah Financial - Derayah Reit Fund	ر.س5.68	1.8% +ر.س10.8m	1.2%	PB0.7x

Company

Last Price

Valuation

4325 Umm Al Qura for Development and Construction

ر.س17.84

6.1%
+ر.س1.5b

-27.1%

PE29.5x

4310 Knowledge Economic City

ر.س12.43

6.1%
+ر.س240.9m

-4.8%

PS13x

4322 Retal Urban Development

ر.س12.30

1.8%
+ر.س109.8m

-16.0%

PE21.6x

4344 SEDCO Capital REIT Fund

ر.س7.99

1.0%
+ر.س15.0m

14.1%

PB1x

4339 Derayah Financial - Derayah Reit Fund

ر.س5.68

1.8%
+ر.س10.8m

1.2%

PB0.7x

Makkah Construction and Development Co. Announces the Formation of the Audit Committee Members, Effective June 10, 2026

Makkah Construction and Development Company announced the formation of the Audit Committee for the new Board term commencing on June 10, 2026 and for a period of four years, ending on June 09, 2030, based on the Board of Directors’ resolution, as follows: Appointed Member Name Membership Start Date: June 10, 2026, Member Mr. Ibrahim Alsubeaei’s professional career extends over more than 50 years across banking, commercial, real estate, and investment sectors. His career has included holding a number of leadership positions and board memberships across several companies and entities.He currently serves as Chairman of Al-Subaie Investment Group, in addition to holding board memberships in several companies and entities. He previously held board memberships across a number of listed companies and economic entities within the Kingdom, including Bank AlJazira, Bank Albilad, Arabian Cement Company, and Jabal Omar Development Company, reflecting extensive experience in governance, financial oversight, and investment management.Mr. Ibrahim Al-Subaie holds a High School Certificate and has completed a number of specialized courses in banking operations, English language, and computer skills. Appointed Member Name Membership Start Date: June 10, 2026, Mr. Osama Baryan has professional experience in auditing, governance, and financial oversight, in addition to his expertise in capital markets and asset management. His career has included holding several positions within the investment sector, as well as board memberships and memberships in audit and investment committees across a number of companies and entities inside and outside the Kingdom. He currently serves as Deputy Chief Executive Officer and Head of Investment at Dar Saleh Company. He previously held the position of Head of Financial Investments at Mithaq Investment Holding Company, in addition to serving on boards of directors and audit and investment committees for several companies, including Emaar The Economic City, Al Buhaira Development Company, Dallah Holding Company, Arab Moltaqa Investments Company, and KUN Sports Company, reflecting accumulated experience in investment, institutional oversight, and asset management. Mr. Osama Baryan holds a Master’s degree in Applied Financial Management, in addition to a Bachelor’s degree in Accounting. Appointed Member Name Membership Start Date: Mr. Abdullah Eiad Abdulmohsen Alfaris, June 10, 2026, Mr. Abdullah Eiad Abdulmohsen Alfaris has professional experience extending over more than 15 years in finance, auditing, governance, and financial oversight. His career has included holding a number of executive positions and serving on boards and audit committees across several companies and entities. He currently serves as Chief Financial Officer of Riyad Capital. He previously held several leadership positions in the financial sector, most notably Head of Financial Policy and Control Department at Riya Bank and Head of Internal Audit at Riyad Capital, and Head of Internal Audit Unit at Riyad Bank, in addition to his earlier experience at the Capital Market Authority, Saudi Exchange, and Deloitte, reflecting accumulated experience in financial oversight, risk management, and institutional governance. Mr. Abdullah Eiad Abdulmohsen Alfaris holds a Master’s degree in Business Management with Finance from Heriot-Watt University, United Kingdom, and a Bachelor’s degree in Accounting from King Saud University. He also holds the Saudi Organization for Chartered and Professional Accountants (SOCPA) Certificate.

Saudi Arabian (Tadawul) Real Estate Sector Analysis

Sector Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

Makkah Construction and Development Co. Announces the Formation of the Audit Committee Members, Effective June 10, 2026

Investor sentiment improves as stock rises 28%

Saudi Real Estate Company, Annual General Meeting, Jun 29, 2026

Knowledge Economic City Company, Annual General Meeting, Jun 30, 2026

Retal Urban Development Company, Annual General Meeting, Jun 25, 2026

Emaar The Economic City, Annual General Meeting, Jun 22, 2026

Upcoming dividend of ر.س0.14 per share

First Avenue Real Estate Development Company, Annual General Meeting, Jun 15, 2026

Dar Al Arkan Real Estate Development Company, Annual General Meeting, Jun 23, 2026

Umm Al Qura for Development and Construction Company, Annual General Meeting, Jun 10, 2026

First quarter 2026 earnings released: EPS: ر.س0.02 (vs ر.س0.009 loss in 1Q 2025)

First quarter 2026 earnings released: EPS: ر.س0.22 (vs ر.س0.20 in 1Q 2025)

INMAR Company, Annual General Meeting, Jun 11, 2026

Fourth quarter dividend increased to ر.س0.10

Al Rajhi REIT Fund announces Quarterly dividend

New minor risk - Financial data availability