Overview
Al Akaria (Saudi Real Estate Company) is a public real estate company headquartered in Riyadh, Saudi Arabia. Established on July 15, 1976, by Royal Decree, it is the first real estate company in Saudi Arabia and has been instrumental in developing the Kingdom's urban landscape for over five decades.
The company develops integrated residential and commercial areas that blend comfort, innovation, and sustainability. Al Akaria operates through six reportable segments: Rental Sector, Property Sales Sector, Infrastructure Projects Sector, Construction Projects Sector, Facility Management Sector, and Head Office. The company generates the majority of its revenue from the Infrastructure projects sector and operates exclusively in Saudi Arabia.
The Public Investment Fund holds 64.57% of the company's shares, with the remaining 35.43% owned by other shareholders. As of March 2026, Al Akaria had trailing twelve-month revenue of $605 million and a market capitalization of $1.4 billion. Recent performance shows revenue rose 10 percent year-on-year to SAR 2 billion, driven by improved real estate sales and expanded infrastructure projects.
Recent Leadership News
Khalid Alsehaibany, acting CEO of Al Akaria, announced the company will expand by launching new projects in integrated residential and commercial sectors.
Facts compiled by Executive Moves from publicly available news and press releases on 10 June 2026. Spotted an inaccuracy? Email us and we'll review within 1 business day.
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