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Tuesday, 24 November 2009 | 17:16 UAE time

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Emaar The Economic City

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As of 24 Nov 2009 09:16 GMT (Market Closed)

COMPANY DESCRIPTION

The master developer for KAC will be Emaar The Economic City, a publicly funded corporation which will bring to the project the combined expertise of the Saudi Arabian General Investment Authority (SAGIA) and Emaar Properties.

King Abdullah City is expected to grow steadily over a number of years. This growth however will be streamlined in accordance with a comprehensive master plan, which at present encompasses some 168 million square metres of land. KAC consists of six components: the Seaport, the Industrial Zone, the Educational Zone, the Central Business District (including the Financial Island), the Residential District and the Resorts.

KEY INFORMATION

Industry

Landlord and Developers

Address

Prince Sultan Street, 8299, Jeddah, Saudi Arabia

T

966 2 6159999

F

966 2 4202866

E

-

W

www.kingabdullahcity.com

COMPANY OVERVIEW

Ownership Type Established on Employees
Public Joint stock 26 September 2006 -

MAJOR SHAREHOLDERS

NameCountry
Emaar Middle Eastcompanies5.8Saudi Arabia
Dayem Al Hadeethah LiEdarat Al Aqarat Companycompanies20Saudi Arabia
ME Royal Capitalcompanies9.4Saudi Arabia
ME Strategic Investmentscompanies5.8Saudi Arabia
ME Holdingscompanies5.8Saudi Arabia

OFFICERS

BOARD OF DIRECTORSPosition
Mohammed Bin Ali Rashid Al AbbarChairman
Abdullah Saleh KamelVice Chairman
Khalid Abdullah Al MolhemBoard Member
Mohamed Bin Yousuf Bin Mohamed Al NaghiBoard Member
Abdulrahman Ibrahim Al RowaitieBoard Member
Ahmad Jamal JawaBoard Member
Mohamed Ahmed Zainal Yousuf AlirezaBoard Member
Fahd Abdulmohsn Al RasheedBoard Member
Ahmed Sulaiman BanajaBoard Member
MANAGEMENTPosition
Fahd Abdulmohsn Al RasheedChief Executive Officer
Dirk BackhausChief Financial Officer
Joseph KilarChief Operating Officer
Sami Al HalabiActing Executive Director - Commercial Affairs
Imad HashemSenior Director - Communications and External Relations

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