Company Profile

Company overview

The Company and its subsidiaries together referred to as the Group are engaged in the establishment management, operation and maintenance of central markets, commercial and residential complexes furnished apartments restaurants hotels gas stations cafes buffets bakeries sweets cooked and uncooked catering services wholesale and retail trade of foodstuffs wholesale and retail trade of building materials iron and contracting. General building for buildings electrical electronic and mechanical works management maintenance and development of real estate maintenance operation and cleaning contracting buying and renting lands to build buildings on them and investing them by selling or renting for the benefit of the group Establishing various industrial projects owning and reclamation of agricultural lands for use in establishing agricultural and animal production projects Establishing investing managing and operating recreational and tourism facilities and projects. And their maintenance wholesale and retail trade for what falls within the scope of the groups industrial agricultural and tourism business and the establishment of cold stores repair and maintenance workshops for that commercial agencies and the group may according to the aforementioned carry out any necessary or complementary works. To achieve these purposes the group carries out its activities in accordance with the applicable regulations and after obtaining the necessary licenses from the competent authorities if any On Rajab 20 1443 corresponding to February 21 2022 the Extraordinary General Assembly of Al Baha Investment and Development Company agreed to amend the companys objectives in line with the National Classification of Economic Activities ISIC4 to become as follows: Building construction specialized construction activities wholesale and retail trade accommodation food and beverage service activities and financial services activities except for insurance financing pension funds real estate activities leasing activities employment activities creative activities arts and entertainment activities. The company also currently aims to invest in various income generating assets by investing in real estate activities related to the retail sector such as commercial centers and neighborhood shopping centers as well as expanding in the field of central markets to cover the demand for them and owning and investing lands by renting or buying them and developing them by establishing market centers in the field of central markets.

Company History

Al Baha Investment and Development Company is a Saudi public joint stock company listed under the Minister of Commerce Resolution No. 600 dated 05/06/1413 corresponding to November 30 1992 and Commercial Registration No. 5800005960 issued by the Commercial Registry Office in Al Baha city on 07/19/1413 AH Corresponding to 12/01/1993 on 05/06/1413 corresponding to 11/30/1992 AD the company shares were listed in the market with a number of 1,500,000 one million five hundred thousand ordinary shares and a nominal value of 100 one hundred riyals per share. with a capital of 150,000,000 one hundred and fifty million Saudi riyals and on 06/08/1438 corresponding to 02/05/2017 the companys extraordinary general assembly approved increasing the companys capital to 295,000,000 two hundred and ninety five One million Saudi riyals with 29,500,000 twenty nine million ordinary shares and a nominal value of 10 ten riyals per share for the purpose of acquiring the prestigious Centers Company Limited. The companys regular office has decided to reduce the companys capital from 295,000,000 two hundred and ninety five million Saudi riyals with a number of 29,500,000 twenty nine Lion ordinary shares with a nominal value of 10 ten riyals per share to 177.0000.000 one hundred and seventy seven million Saudi riyals and thus reducing the number of shares to 17,700,000 seventeen million and seven hundred thousand ordinary shares and a nominal value of 10 ten riyals per share And on 20/07/1443 corresponding to 21/02/2022 the extraordinary general assembly approved an increase in the companys capital by increasing the companys capital from 177.0000.000 one hundred and seventy seven million Saudi riyals and the number of shares 17,700,000 Seventeen million seven hundred thousand ordinary shares to 297.000.000 two hundred and ninety seven million Saudi riyals Number of shares 29,700,000 twenty nine million seven hundred thousand ordinary shares by way of rights issue shares with a total value of one hundred twenty 120,000,000 One million Saudi riyals so the companys capital after the current increase becomes 297,000,000 two hundred and ninety seven million Saudi riyals divided into 29,700,000 twenty nine million seven hundred thousand ordinary shares with a nominal value of 10 ten Saudi riyals per share.

Company Bylaws

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Equity Profile

Investment limits

There are no investment limits on the company's shares as per the amended Rules for Qualified Foreign Financial Institutions Investment in Listed Securities and Instructions for the Foreign Strategic Investors Ownership in Listed Companies based on issued instructions by the related regulators and supervisory authorities