Company Profile

Company overview

Company Purposes: 1.Establishing and investing in commercial, administrative, residential facilities and buildings service buildings therein, such as parking lots at Qasr Al-Hukm area or elsewhere. 2.Establishing residential complexes selling or renting them in cash or in installments, and managing real estate for the Companys account or for others. 3.Managing construction and development projects that prove their economic feasibility and providing the opportunity for citizens contribution. 4.Establishing, selling, renting or managing public parks and tourist complexes. 5.Establishing commercial and industrial exhibitions for the purpose of leasing or selling to others or renting or managing them. 6.Investing in real estate including residential, commercial and industrial units etc by buying, selling mortgaging redeeming, receiving and seizing the same as well as collecting and receiving the due amounts, and related support works. 7.Establishing and or participating in companies, and or separating projects into independent companies with third parties, and or merging projects in a joint venture within all activities that fall under the companys purposes. 8.Owning, acquiring, sorting selling buying and developing lands as well as selling, buying and renting schemes and projects of various uses, and accepting the participation of companies, institutions and individuals therein. 9.Managing, marketing and displaying the Companys projects or third parties off-plan real estate projects inside and outside the Kingdom. 10.Establishing and owning hotels, hotel apartments, hospitals, public parks residential commercial tourist and entertainment complexes commercial markets and healthcare facilities as well as investing, managing, operating, maintaining, selling or renting them. 11.Establishing, managing and operating intercity and international public transport centers. 12.Establishing managing and operating wholesale and retail markets for vegetables fruits and meat. 13.Establishing development projects and urban development in the areas owned by the company or other areas as well as implementing and developing its urban, economic, educational, cultural, recreational plans, public transport projects and all upporting services for the same. 14.Engaging in construction, architectural, civil, mechanical, electrical and other contracting activities. 15.Carrying out maintenance, management and operation of industrial and recreational cities, as well as public and private utilities, markets and buildings. 16.Carrying out infrastructure works, including the construction and repair of roads streets, parks sidewalks bridges tunnels railways water sewage torrents and electricity networks, telecommunications, gas, refrigeration, pipes and wires of all kinds and their supplies. 17.Supplying, installing, manufacturing, maintaining and repairing lighting refrigeration air conditioning, insulation and networks systems of all kinds.

Company History

The company was incorporated as a national joint stock company per the Royal Decree No. (M/2) dated 9/2/1414H , in order to participate in developing the Riyadh central area and to fulfill investment aspirations all over the Kingdom. The Company is working for accomplishment of its shareholders'''' aspirations by investment in the service and public interest projects in participations with the government and private sector and investment in all types of real estate planning and development with capital of SR 1,777,777,770 Saudi Riyals .

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 company's bylaw and the issued instructions by the related regulators and supervisory authorities.