Saudi Real Estate Company (Al Akaria)
Rank: 22
Country: Saudi Arabia
CEO: Ibrahim Mohammed Alalwan
Date of establishment: 1976
Al Akaria has a land bank of 1.2 million square meters, 70 existing projects, and 100 projects under construction. The company has five subsidiaries under its umbrella: Edarah, Mumtalakat, Binyah, Tamear, and Al Widyan. The company has delivered housing and commercial projects. The Public Investment Fund owns 64.5% of the company. Al Akaria’s net losses decreased to $198,133 during H1 2021 compared to $2.3 million in H1 2020.