Banan Real Estate’s half-year profits increased 52% to 12.9 million riyals

Banan Real Estate Company recorded a net profit of 12.9 million riyals at the end of the first half of the year in course, in an increase of 52% compared to the 8.4 million riyals of the same period of the previous year.

The company said so in a note on his site web The reasons for the 52.59% increase in net profit for the period, compared to the same period of the previous year, to an increase in the profits of the company deriving from the results of the operations of the associate and the joint ventures venture.

Reasons for the increase also include dividends on the equity portfolio, as well as the increase in rents following the addition of a commercial building for the company’s real estate investments.

On the 9th of this month, the Saudi Tadawul Group announced the listing and start of trading of Banan Real Estate Company shares in Nomu – Parallel Market starting August 11, 2021, as a direct listing with Tadawul code 9519 and international code. SA15BG54KNH2.

Previously, the Saudi Capital Market Authority had announced approval to register Banan Real Estate Company’s shares for direct listing on the parallel market.

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