Saudi Real Estate Company

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.