Posted inUncategorized Top 30 Saudi Arabian construction stocks

Saudi Real Estate Co.

Company: 36.55

Market cap: $879m

Saudi Real Estate is a property investor which owns around 700km2 of investment properties in Riyadh. The company is one of the longest-established developers in the Kingdom, having built the first mall in the country, Al Akaria, and the first gated compound in the country in the 1970s. It employs more than 400 people and is chaired by Eng. Ali Othman Al Zaid.

The company, majority-owned by the Public Investment Fund, has seen its share price increase by more than 20% in the past 12 months, despite the fact that its last full-year profits dropped by 18% in 2011 to $40m.

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