Investor Presentation 2021
AQALAT
34
Subsidiary Overview
Date of Incorporation
Invested Capital
Subsidiary Objective
stc Ownership
Projects Under
Management
→ Founded in 2013
→ SAR 70 million
→ To develop and manage the company's properties in all
parts of the Kingdom by benefiting from the capabilities
of the Group and its applications by adopting the
concept of smart development that is based on
integrating technology in all projects and investments.
→ 100%
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.
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 the fourth quarter of 2019, the Company established a special purpose vehicle (SPV) subsidiary (Smart Zone Real Estate
Company) in the kingdom with a share capital of approximately SR 107 million and its main activity is the development, financing
and management of real estate projects, the establishment of facilities, complexes, commercial, office and residential
buildings.
Riyadh Project
Dammam Project
julfil: stc
AQALAT
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