Investor Presentation 2020
AQALAT
JUIMI:
AQALAT
Date of Incorporation:
The subsidiary was founded in 2013.
Invested Capital:
A total of SAR 70 million.
Subsidiary Objective:
To develop and manage the company's properties in all parts of the Kingdom by benefiting from the capabilities
of the Saudi Telecommunications Group and its applications by adopting the concept of smart development that
is based on integrating technology in all projects and investments.
stc Ownership:
Since establishment, stc fully owns the subsidiary (100%).
Projects Under Management:
1- Riyadh Project (Smart Square)*
The project is located in the heart of Riyadh City in Al-Mursalat district, sitting on a 140,000 m2 land. In this
project, AQALAT aspires to achieve its vision of future projects by enabling Smart Cities concepts. It is a mixed-
use project that include residential, offices and commercial units.
2- Dammam Project (Smart Boulevard)
The project is located in the southern part of the communications complex in Al-Rayan district, in the heart of
Dammam City situated on a land of 380,000 m2. The project is a mixed-use project with the commercial part
being the project's main concept. AQALAT aim this project to achieve its vision by enabling Smart Cities
applications.
* During Q4 2019, stc issued a separate SPV for the project allocating SAR 107mn of invested capital.
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Riyadh Project
Dammam Project
Investor Presentation 2020 | stc group
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