With a capital of 4 million riyals, Saudi Real Estate Company revealed the establishment of a limited liability company under the name of Real Estate Hanmi Project Management Company, where the share of “Real Estate” amounted to 60% of the company's capital (equivalent to 2.4 million riyals), while Hanmi Global Limited, headquartered in Seoul, South Korea, acquired 40% of the company's capital, equivalent to 1.6 million riyals.

The company indicated in a statement on Tadawul that the capital has been divided into 400 thousand shares of equal value, all of which are fully paid cash shares, the value of each share is 10 riyals. The company indicated in a statement published on Tadawul that the capital has been divided into 400 thousand shares of equal value, all fully paid cash shares, each share has a value of 10 riyals, headquartered in Riyadh, and the financial impact is expected to be reflected in the fourth quarter of the high year.

Hanmi Globals Limited, headquartered in Seoul, South Korea. The company was established to be the supervisory arm for the implementation of the company's projects and to utilize it in management and control services for construction supervision service providers.

The new company obtained a license from the Ministry of Commerce and Investment in October 2017 and previously obtained an investment license issued by the General Investment Authority (GIA).

It is worth mentioning that the new company was licensed by the Ministry of Commerce and Investment in October 2017.