Iskan Development and Investment Company revealed that it has achieved profits of more than 92 million riyals despite its recent existence, and the Chairman of the Board of Directors Dr. Nasser bin Aqeel Al-Tayyar announced as a result of these profits and success, it was approved to increase the capital of the company from 800 million riyals to 1000 million riyals by granting one share for every four shares, bringing the number of shares to 100 million shares.

Al-Tayyar emphasized that the company has completed the construction of Iskan Hotel (7) in Jaroul in Makkah and Iskan Hotel (9) in Shisha, in addition to the company's ownership of many distinct investment sites in different areas of Makkah.

This came at the tenth ordinary general assembly meeting and the third extraordinary general assembly of the company. For his part, Dr. Nabih bin Abdulrahman Al-Jaber, CEO, pointed out that there is a real need for investment in real estate projects in light of Vision 2030, due to the apparent market need for residential units, which makes the opportunity available to the investor to actively participate in meeting the market need and at the same time contribute positively to the economic development of this country.