Omnia MarketsDeveloper · Saudi Arabia
Knowledge Economic City Madinah property for sale lifts Q3 profit.
The Madinah developer said third-quarter revenue nearly doubled after the Non-Saudi Property Ownership Law and a July land sale, per Arab News.
Arab News reported on 9 November 2026 that Knowledge Economic City (KEC) posted higher third-quarter revenue and a sharp rise in net profit. Revenue reached the equivalent of 65.4 million dollars in the three months ending 30 September, up 98.8 percent on the year-earlier quarter, according to a bourse filing cited by the paper. Net profit attributable to shareholders surged 253.5 percent. Al Arabiya’s Arabic headline on 8 November framed the same quarter as a swing into profitability at 26.6 million dollars.
The company linked the revenue rise mainly to stronger contributions from ongoing residential projects after the new Non-Saudi Property Ownership Law, Arab News said. It also booked revenue from a land parcel sold in July, and a newly opened hotel added to the total. Gross profit climbed 251.6 percent year on year. For the first nine months of 2026, revenue rose 40.2 percent and the firm swung to a net profit from a prior-year loss.
The same Arab News piece covered Maaden’s separate mining results; those figures are outside the property story. Full project-level sales volumes and which Madinah schemes drove the residential lift were not broken out in the reports cited.
From the JournalRiyadh vs Jeddah: where to live, and what changes by neighbourhood.Our take
Omnia Desk
A listed Madinah developer’s law-linked lift is not Omnia’s Riyadh price band.
KEC is telling the market that residential sales and a land disposal, helped by the Non-Saudi Property Ownership Law, turned the third-quarter tape. That is useful colour on Madinah developer cash flow and on how one listed name is booking law-era demand. It is still one issuer’s filing, not a city-wide transaction print for Madinah and not a substitute for scheme-level absorption data.
Our catalogue has no Knowledge Economic City schemes. The names we carry remain houses such as Al Majdiah and Mohammed Al Habib. Read the jump against the price path in our Riyadh and Jeddah 2026 growth report: that report tracks those two cities, not Madinah stock. If you are weighing Madinah itself, treat this as developer earnings news and verify title rules and live inventory on the ground before you treat a bourse line as a local price signal.
Sources
About Omnia Markets- 1Al Arabiya (Arabic) · 8 November 2026"مدينة المعرفة الاقتصادية" تتحول إلى الربحية بـ 26.6 مليون دولار في الربع الثالث(opens in a new tab)
- 2Arab News · 9 November 2026Knowledge Economic City, Maaden report higher Q3 revenues as profit growth diverges(opens in a new tab)
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