SUMMARY OF RISK FACTORS
D- Risks Related to the Offer Shares
4. THE COMPANY
4.6 Overview of the Structure of the Company and its Subsidiaries
The following chart illustrates the structure of the Company and its subsidiaries, as of the date of this Prospectus.
Figure (4-1): Company’s structure at the date of this Prospectus
Thabat Alomran Real Estate Company
Etalalat Al Sharq Real Estate
Company Building
Construction Company (BCC) Nesaj Urban
Development Company Tadbeir Limited
Company Tadbeir Real Estate
Company Remal Al Khobar
Real Estate Company
Retal Urban Development Company Amer bin Saleh Al
Khasheel Assayel Arabia Real
Estate Company
50 % 5 %
5 %
5 0%
50 % 100 % 95 % 100 % 95 % 50 %
The following table shows the Company’s subsidiaries, as of the date of this Prospectus.
Table (4-9): Summary of basic information about the Company’s subsidiaries
No. Subsidiary CR Number Capital (SAR) Direct Ownership by
the Company Indirect Ownership by the Company
1
Nesaj Urban Development Company
Single Shareholder Company
2051049871 10,000,000 100% 0%
2 Tadbeir Limited Company 2051059223 5,000,000 95% 0%
3 Building Construction
Company 2051023581 5,000,000 95% 5%
4 Tadbeir Real Estate Company 2051063497 250,000 100% 0%
5 Remal Al Khobar Real Estate
Company 2051236572 500,000 50% 0%
6 Etlalat Al Sharq Real Estate
Company 2051234026 1,000,000 50% 0%
4.6.1 Overview of Subsidiaries
Following is an overview of the Company’s Subsidiaries
4.6.1.1 Nesaj Urban Development Company (Single Shareholder Company)
Nesaj Urban Development Company (Single Shareholder Company) is a limited liability company registered under Commercial Register No. 2051049871 dated 17/09/1433H (corresponding to 05/08/2012G). The head office of Nesaj Urban Development Company is located in Al-Khobar, Kingdom of Saudi Arabia. Nesaj Urban Development Company has a capital of ten million Saudi Riyals (SAR 10,000,000), divided into one hundred thousand (100,000) shares, with a nominal value of one hundred Saudi Riyals (SAR 100) per share.
Under its Commercial Register, the main business activities of Nesaj Urban Development Company include the management of construction projects. The following table shows the ownership structure of Nesaj Urban Development Company, a Single Shareholder Company, as of the date of this Prospectus.
Table (4-10): The ownership structure of Nesaj Urban Development Company (Single Shareholder Company), as of the date of this Prospectus
Shareholder Shareholding Number of Shares Per Share Value
Retal Urban Development Company 100% 100,000 100
Total 100% 100,000 -
Source: the Company
4.6.1.2 Tadbeir Limited Company
Tadbeir Limited Company is a limited liability company registered under Commercial Register No. 2051059223 dated 11/01/1436H (corresponding to 04/11/2014G). The head office of Tadbeir Limited Company is located in Al-Khobar, Kingdom of Saudi Arabia. Tadbeir Limited Company has a capital of 5 million Saudi Riyals (SAR 5,000,000), divided into fifty thousand (50,000) shares, with a nominal value of one hundred Saudi Riyals (SAR 100) per share.
Under its Commercial Register, the main business activities of Tadbeir Limited Company include building finishing and cleaning post-construction new buildings. The following table shows the ownership structure of Tadbeir Limited Company, as of the date of this Prospectus.
Table (4-11): The ownership structure of Tadbeir Limited Company, as of the date of this Prospectus
Shareholder Shareholding Number of Shares Per Share Value
Retal Urban Development Company 95% 47,500 100
Amer bin Saleh Al Khashel 5% 2,500 100
Total 100% 50,000 -
Source: the Company
4.6.1.3 Building Construction Company Limited
Building Construction Company Limited is a limited liability company registered under Commercial Register No.
2051023581 dated 15/06/1420H (corresponding to 25/09/1999G). The head office of Building Construction Company Limited is located in Al-Khobar, Kingdom of Saudi Arabia. Building Construction Company Limited has a capital of five million Saudi Riyals (SAR 5,000,000), divided into fifty thousand (50,000) shares, with a nominal value of one hundred Saudi Riyals (SAR 1,000) per share.
Under its Commercial Register, the main business activities of Building Construction Company Limited include general construction of residential buildings, general construction of non-residential buildings (including schools, hospitals, hotels, etc.), general construction of government buildings, electrical wiring, communication wiring, and building finishing. The following table shows the ownership structure of Tadbeir Limited Company, as of the date of this Prospectus.
Table (4-12): The ownership structure of Building Construction Company Limited, as of the date of this Prospectus
Shareholder Shareholding Number of Shares Per Share Value
Retal Urban Development Company 95% 4,750 4,750,000
Nesaj Urban Development Company 5% 250 250,000
Total 100% 5,000 -
Source: the Company
4.6.1.4 Tadbeir Real Estate Company (Single Shareholder Company)
Tadbeir Real Estate Company (Single Shareholder Company) is a limited liability company registered under Commercial Register No. 2051063497 dated 06/04/1438H (corresponding to 04/01/2017G). The head office of Tadbeir Real Estate Company is located in Al-Khobar, Kingdom of Saudi Arabia. Building Construction Company Limited has a capital of two hundred and fifty thousand Saudi Riyals (SAR 250,000), divided into two thousand (2,000) shares, with a nominal value of one hundred Saudi Riyals (SAR 100) per share.
Under its Commercial Register, the main business activities of Tadbeir Real Estate Company include buying, selling and subdividing land and real estate, off-plan sales activities, management and leasing of owned or leased properties (residential), management and leasing of owned or leased properties (non-residential), real estate brokerage (brokers’
offices), real estate management activities for a commission, and sale of fixed and movable assets. The following table shows the ownership structure of Tadbeir Real Estate Company (Single Shareholder Company), as of the date of this Prospectus.
Table (4-13): The ownership structure of Tadbeir Real Estate Company (Single Shareholder Company), as of the date of this Prospectus
Shareholder Shareholding Number of Shares Per Share Value
Retal Urban Development Company 100% 2,500 250,000
Total 100% 2,500 -
Source: the Company
4.6.1.5 Remal Al Khobar Real Estate Company
Remal Al Khobar Real Estate Company is a limited liability company registered under Commercial Register No.
2051236572 dated 23/12/1442H (corresponding to 02/08/2021G). The head office of Remal Al Khobar Real Estate Company is located in Al-Khobar, Kingdom of Saudi Arabia. It has a capital of five hundred thousand Saudi Riyals (SAR 500,000), divided into five thousand (5,000) shares, with a nominal value of one hundred Saudi Riyals (SAR 100) per share.
Under its Commercial Register, the main activities of Remal Al Khobar Real Estate Company include general construction of residential buildings and general construction of non-residential buildings (including schools, hospitals, hotels, etc.). The following table shows the ownership structure of Remal Al Khobar Real Estate Company, as of the date of this Prospectus.
Table (4-14): The ownership structure of Remal Al Khobar Real Estate Company, as of the date of this Prospectus
Shareholder Shareholding Number of Shares Per Share Value
Retal Urban Development Company 50% 2,500 100
Assayel Arabia Real Estate Company 50% 2,500 100
Total 100% 5,000 -
Source: the Company
4.6.1.6 Etlalat Al Sharq Real Estate Company1
Etlalat Al Sharq Real Estate Company is a limited liability company registered under Commercial Register No.
2051234026 dated 18/06/1442H (corresponding to 31/01/2021G). The head office of Etlalat Al Sharq Real Estate Company is located in Al-Khobar, Kingdom of Saudi Arabia. It has a capital of one million Saudi Riyals (SAR 1,000,000), divided into ten thousand (10,000) shares, with a nominal value of one hundred Saudi Riyals (SAR 100) per share.
Under its Commercial Register, the main activities of Etlalat Al Sharq Real Estate Company include general construction of residential buildings, general construction of government buildings, real estate development of residential buildings following modern construction methods, management and leasing of owned or leased (residential) properties, management and leasing of owned or leased (non-residential) properties, management and leasing of self-storage stores, management and operation of hotel apartments, and commission-based real estate management activities.
The following table shows the ownership structure of Etlalat Al Sharq Real Estate Company, as of the date of this Prospectus.
Table (4-15): The ownership structure of Etlalat Al Sharq Real Estate Company, as of the date of this Prospectus
Shareholder Shareholding Number of Shares Per Share Value
Retal Urban Development Company 50% 5,000 100
Thabat Alomran Real Estate Company (Single Shareholder
Company) 50% 5,000 100
Total 100% 10,000 -
Source: the Company