Wednesday, 25 November 2009 | 04:35 UAE time
COMPANIES
Saudi Real Estate Company
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COMPANY DESCRIPTION
With a paid up capital of USD 320 million, Saudi Real Estate Company is primarily concerned with the purchasing, building and development of lands; construction, sale, lease of residential and commercial buildings, managing real estates and providing contracting services.The company has investments in several companies including Saudia for Al Muaqeliya Commercial Centre, and Taiba Investment and Real Estate Development. The company's second quarter profit increased 43% on land sales, while net income climbed to USD 12 million from USD 8.4 million in the year earlier period.
KEY INFORMATION
Industry
Landlord and Developers
Address
Akaria Building, Olaya Area, 3572, Riyadh, Saudi Arabia
T
966 1 4600000
F
966 1 4601234
E
W
COMPANY OVERVIEW
| Ownership | Type | Established on | Employees |
|---|---|---|---|
| Public | Joint stock | 13 July 1976 | - |
MAJOR SHAREHOLDERS
| Name | Country | ||
|---|---|---|---|
| Public Investment Fund | companies | 64.5 | Saudi Arabia |
PORTFOLIO
| Name | Country |
|---|---|
| Kinan International for Real Estate Development Company | Saudi Arabia |
| Saudi Company for Al Muaileka Center | Saudi Arabia |
| United Arab Float Glass Company | Saudi Arabia |
| Hail Cement Company | Saudi Arabia |
OFFICERS
| BOARD OF DIRECTORS | Position |
|---|---|
| Ali Bin Othman Al Zaid | Chairman |
| Mohamed A. Al Junaid | Board Member |
| Saud A. Al Malek | Board Member |
| Khalid A. Al Maimanah | Board Member |
| Saleh A. Al Duaiji | Board Member |
| Talal A. Bassam | Board Member |
| Ali M. Al Sanea | Board Member |
| Musaed Abdullah Al Saleh Al Issa | Board Member |
| MANAGEMENT | Position |
| Ali Bin Othman Al Zaid | Chief Executive Officer |
| Mohammed Al Ali | Chief Financial Officer |
MOST POPULAR NEWS STORIES
LATEST FINANCIAL JOBS
- Project Finance Manager, Abu Dhabi, UAE
- Banks Analyst, Dubai, UAE
- Internal Audit Manager, Abu Dhabi, UAE
- Market Risk Oficer, Dubai, UAE
- Product Manager, Dubai, UAE
Information correct at the time of publishing. If you are a representative of this company and want to update the details, please email updated information to financials@itp.com providing your name, designation and contact details.
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