Investor Presentation 2022
AQALAT
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Subsidiary Overview
Date of Incorporation
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.
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Riyadh Project
Investor Presentation 2022 | stc group
*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.
julfil: stc
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