Real Estate


LAND AND PROPERTY owned by the Company is managed by the Real Estate Development Division which continuously inspects prime sites with a view to acquisition. Its portfolio ranges from virgin sites to fully developed properties ready for leasing.

The Alireza Centre, ambitious real estate project, was completed in 1978 which boasts prestige office space in the heart of the city's business quarter with enviable views over the Red Sea and the port. The headquarters of the Company occupies 12 of its fifteen floors.

Of significance in the Company's current real estate portfolio are holdings of undeveloped land in Yanbu and Al-Khobar. There are also residential developments complete with the appropriate communal facilities in both Jeddah and Khamis Mushayt. The Company has invested in substantial real estate in the Central Province also.



Alireza February,2020