• HSBC

Saudi Real Estate Q2 profit falls

  • Saudi Arabia: Monday, July 20 - 2009 at 13:07

Saudi Real Estate Co, a Riyadh-based property developer, has said its second-quarter profit had dropped 53% as land sales declined, Bloomberg has reported. The developer's net income fell to SR21.2m from SR44.9m in the year-earlier period.

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