First Avenue for Real Estate Development Co. (9610)

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News

3 September 03:59 PM First Avenue discloses 86% lower net profits in H1-26

Riyadh — Mubasher: First Avenue for Real Estate Development Company registered a net profit of SAR 10.64 million in the first half (H1) of 2026, marking an 86.38% decrease from the SAR 78.14 million recorded during the same period in 2025. …

Real estate

20 July 05:52 PM First Avenue stock retreats to SAR 3 amid oversold technical readings

Riyadh – Mubasher: First Avenue for Real Estate Development Company’s shares declined by 8.23% to SAR 3.01 in intraday trading, positioning the financial sector firm on the top losers list. Technical data indicates the stock is trading …

Trading Activities

19 July 02:43 PM First Avenue stock falls during intraday trading

Riyadh – Mubasher: First Avenue for Real Estate Development Company is trading down 3.79% at SAR 3.3 during the current session, 19 July 2026. The stock has been positioned among the top intraday losers in the financial sector. First Avenue stock …

Stock Evaluations

19 July 01:23 PM First Avenue secures SAR 100m funding from SAB

Riyadh — Mubasher: First Avenue for Real Estate Development Company announced the signing of a Sharia-compliant banking facilities agreement totaling SAR 100 million with Saudi Awwal Bank (SAB), according to a bourse filing. The financing was …

Real estate

16 July 02:13 PM First Avenue completes fractional share sale distribution

Riyadh – Mubasher: First Avenue for Real Estate Development Company has completed the distribution of proceeds from the sale of fractional shares following its capital increase. The company deposited a total of SAR 1,461 into the investment …

Trading Activities

30 June 10:05 PM First Avenue consortium signs framework agreement for Makkah project

Riyadh – Mubasher: First Avenue for Real Estate Development Company has announced the formal signing of a framework agreement with the Royal Commission for Makkah City and Holy Sites and Jadwa Investment to develop the Al Hindawiyah Al Sharqiyah …

Corporate Actions

25 June 03:20 PM Almajdiah enters into framework agreement for project in Makkah

Riyadh – Mubasher: Almajdiah Real Estate Company has signed a framework agreement for the development of the Eastern Hindawiyah area in Makkah, according to a bourse filing. The agreement was penned on 24 June 2026 to establish the legal and …

Real estate

25 June 10:37 AM Edaa completes securities quantity increase for First Avenue

Riyadh – Mubasher: The Securities Depository Center Company (Edaa) announced the implementation of a securities quantity increase for First Avenue for Real Estate Development Company, according to an official statement. The adjustment was applied …

Real estate

23 June 10:53 AM First Avenue discloses details, supplementary results of EGM

Riyadh – Mubasher: First Avenue for Real Estate Development Company has issued a supplementary announcement regarding the outcomes of its ninth Extraordinary General Assembly meeting, which was originally convened on 16 June 2026. The latest …

Corporate Actions

17 June 09:11 AM First Avenue’s shareholders approve SAR 95m capital raise

Riyadh - Mubasher: Shareholders of First Avenue for Real Estate Development Company have approved a substantial capital increase and a strategic share buyback program during an extraordinary general meeting (EGM) held on 15 June. The assembly, …

General Assembly

1 June 02:32 PM First Avenue holds 45% of consortium for SAR 2bn project in Makkah

Riyadh - Mubasher: First Avenue for Real Estate Development Company has joined a consortium, with 45%, for the development of East Hindawiyah District in Makkah, which forms part of the Makkah Informal Settlements Development Program. The project …

Company News

1 June 11:40 AM Al Majdiah, First Avenue awarded SAR 2bn project deal in Makkah

Riyadh - Mubasher: Dar Al Majed Real Estate Company (Al Majdiah) was awarded a project contract for developing the Eastern Al Hindawiya site in Makkah under the supervision of the Royal Commission for Makkah City and Holy Sites. The alliance …

Real estate

27 May 01:50 PM First Avenue to discuss SAR 95m capital increase in mid-June assembly

Riyadh – Mubasher: First Avenue for Real Estate Development Company will hold its extraordinary general meeting (EGM) on 15 June 2025 to review the proposed 46.34% increase of the company’s capital. According to official records, First Avenue …

Management Decisions

22 December 2025 07:06 PM First Avenue acquires new tower in Riyadh for SAR 310m

Riyadh - Mubasher: First Avenue for Real Estate Development Company has acquired the ‘Capital Avenue – Al Qirawan’ tower in Riyadh at a cost of approximately SAR 310 million. The transaction was executed by purchasing all partners’ stakes in the …

Mergers and Acquisitions

1 October 2025 08:59 AM First Avenue to expand development projects via SAR 315m loan

Riyadh - Mubasher: First Avenue for Real Estate Development Company obtained a SAR 315 million Shariah-compliant financing from Bank Aljazira on 29 September. The six-year facility will enable the company to implement its real estate projects and …

Companies Investments

2 June 2025 10:54 AM First Avenue secures SAR 320m financing from Alinma Bank

Riyadh – Mubasher: First Avenue Real Estate Development Company renewed and increased its SAR 320 million facility deal with Alinma Bank on 31 May 2025. The loan was secured by promissory notes to the amount of the total facilities limit and a …

Banking and Finance

20 April 2025 03:32 PM First Avenue rolls out SAR 188m acquisition deal

Riyadh – Mubasher: Al Shate’a Real Estate Fund, in which First Avenue Real Estate Development Company holds a 15% stake, has acquired a commercial plot of land in the Al Shate’a district of Jeddah. Located on Sari Street and spanning nearly 15,000 …

Companies Investments

26 January 2025 04:57 PM First Avenue unveils nearly SAR 183m brokerage, sale agreements

Riyadh – Mubasher: First Avenue Real Estate Development Company inked a real estate brokerage agreement with Sarah Al Lu'lu'a Real Estate Company at a value of SAR 57 million. The two entities signed the sale and purchase agreement (SPA) on 23 …

Companies Investments