Amlak - Riyadh
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H.E. Mr. Abdullah bin Ahmed Zainal, Minister of Commerce and Industry, has approved the conversion and establishment of 6 companies as closed joint stock companies, whose main activities include real estate activities, with an estimated investment of about SAR 630 million, namely Al Aziziya Panda United Company, Al Aziziya Real Estate Investment and Development Company, Belsharaf Trading Company, Innova Saudi Healthcare Company, and Abdullah Al Turki Al Dahyan Contracting Company.
In addition to real estate activities, these companies will engage in wholesale and retail trade in foodstuffs, operation of warehouses, refrigeration, medical complexes, medical rehabilitation centers, management of tourism complexes and projects, building contracting, road works, tunnels, and drilling.
Most companies are currently keen to add real estate activities to their main activities, in order to reduce their fixed investment costs, while providing strong assets that support their activities, and with the conviction that investment in the real estate field contributes to supporting the company, and real estate investment needs high liquidity despite its simple return compared to other activities, but financing bodies are more interested in these assets than any other assets such as product lines or brand, as the larger the assets, the easier the lending and financing processes for these companies will be.