Founded in 2005 and based in Riyadh, Banan is positioned as a diversified real estate operator with income-generating assets across multiple segments. In 2024, the company achieved revenue of 96.10M SAR with 44.04% growth, demonstrating significant expansion momentum in the Saudi real estate market.
Cyborg Score Rationale
Strong revenue growth of 44% year-over-year in 2024 and healthy EBITDA margins of 65.02% indicate operational efficiency. However, the stock has declined from a 52-week high of 6.98 to 3.55-3.66 range, suggesting market headwinds despite operational performance.
Top Insights
44% year-over-year revenue growth in 2024 demonstrates rapid expansion
65% EBITDA margins indicate efficient operations and strong pricing power
Stock has declined 49% from 52-week high, presenting potential value opportunity
Diversified revenue streams across residential, commercial, and hotel apartment management provide business stability
Named Competitors
Residential and Commercial Real Estate — Saudi real estate development and management
Real Estate Investment and Development — Mixed-use development and property management
Recent Developments
(December 2024) Q4 2024 revenue of 14.48M SAR declined 15.53% sequentially
(2024) Full-year 2024 revenue reached 96.10M SAR, up 44.04% year-over-year
(Early 2025) Stock price weakness from 6.98 SAR peak to 3.57-3.66 range
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