Arabian Business Rich List 2010
Thu 16 Dec 2010 10:41 AM
The Saedan family
33

The Saedan family

Industry: Real Estate

Company: Saedan Real Estate

Country: Saudi Arabia

Wealth: 3.22 Billion

The family-owned Saedan Real Estate has existed in Saudi Arabia since 1969, playing an important and effective role in the development and preparation of commercial, residential and industrial projects in Riyadh and several other major Saudi cities.

Under the guidance of Sheikh Ibrahim Bin Saedan, the chairman of Saedan, the real estate company has expanded its operations into Egypt, Morocco and Tunisia. The company is a market leader in the sale of housing units in Egypt.

The company has also been a prominent investor in these countries. With the establishment of the Arab Forum Company for Investment in Egypt, the company expanded its operations into investing in agricultural and industrial investments. It was also involved in reclamations and the development of livestock and fish, as well as various other tourism and real estate activities.

In Morocco, the firm contributed to the founding of the Arab Corporation for Fish in the south of the country. A poultry farm and company was also set up in the North African state as well.