Banan Real Estate Q3 net profit reaches SAR 8.7 million
Banan Real Estate reported third-quarter net profit of SAR 8.7 million and sales of SAR 18.5 million, according to Reuters.
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what happened
According to Reuters, Banan Real Estate posted third-quarter net profit of SAR 8.71178 million on sales of SAR 18.54042 million.
The company said rental income rose under certain lease agreements, while rental revenue from the building in the Al Wadi district no longer counts toward results. Cost of revenue climbed 14%, finance costs fell 39%, and its share of joint venture results declined.
why it matters
A report from a company this size is unlikely to move the broader market, but a 39% drop in finance costs points to a lighter debt burden, which matters for landlords and developers. The 14% rise in cost of revenue, however, weighs on margins.
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- Banan Real Estate Q3 Profit SAR 8.7 Million — Reuters, 1 November 2026 at 12:58 UTC
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