Al Akaria

What Al Akaria does

Al Akaria (The Saudi Real Estate Company, Tadawul: 4020) is Saudi Arabia's first and longest-established real estate developer, established by Royal Decree on July 15, 1976 and headquartered in Riyadh. The company operates a vertically integrated real estate platform built around a 3+ million square meter land bank across Riyadh and Jeddah's most strategic districts, including the Diplomatic Quarter, Olaya Street, and Al-Narjis. Its portfolio spans residential compounds (Al Reef, La Casa, Olaya Oasis, Masaken, Al Dhahia, Fai Sedra I and II), commercial centers (Al Akaria Plaza, the Kingdom's first Cisco-certified smart building, plus Al Akaria 2/3/Sitteen), mixed-use destinations (Porta Jeddah, Al Akaria Hills, Al Akaria Park), and a growing hospitality footprint under the Radisson and Marriott Autograph Collection brands.

The company generates revenue through seven distinct streams: one-time residential property sales, one-time commercial property sales, recurring office and showroom leasing, recurring property and facilities management (via subsidiary Mumtalakat), one-time infrastructure and construction contracting (via TAMEAR and BINYAH), one-time residential land plot sales (e.g., Al Akaria Park with 3,222 plots), and long-term hospitality lease agreements. Its go-to-market is primarily direct B2B and B2C sales through owned sales offices, supplemented by an online marketplace platform (marketplace.al-akaria.com) and a mobile app for property management.

Al Akaria is 64.57% controlled by Saudi Arabia's Public Investment Fund (PIF), making it a sovereign-backed national champion aligned with Vision 2030. In FY 2025, the company reported SAR 1.88 billion in revenue, SAR 296 million in net income (37.6% YoY growth) on a 15.7% net margin, and SAR 9.4 billion in total assets. It employs between 5,001 and 10,000 people across its operating subsidiaries (TAMEAR for construction, BINYAH for infrastructure JV with MASCO, Mumtalakat for property management JV with POSCO, and UNBOX for co-working). The company is currently executing a SAR 1.6 billion rights issue and a framework agreement with Expo 2030 Riyadh to support its multi-year project pipeline.

Name

Al Akaria

Legal name

The Saudi Real Estate Company (Al Akaria)

Website

https://al-akaria.com

Company type

Public

Founded year

1976

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Al Akaria is Saudi Arabia's first and longest-established real estate developer (founded 1976), majority-owned by PIF. It develops and manages residential, commercial, mixed-use, and hospitality real estate across Riyadh and Jeddah through integrated subsidiaries covering construction, infrastructure, and property management.

Ownership category

akta.pro rank

Product category

Real Estate Development

NAICS

Real Estate Property Managers (53131), Lessors of Real Estate (5311), Lessors of Other Real Estate Property (53119)

SIC

Real Estate Dealers (For Their Own Account) (6532), Land Subdividers & Developers (No Cemeteries) (6552), Lessors Of Real Property, Nec (6519), Operators Of Nonresidential Buildings (6512)

akta.pro primary industry

Transitional/Development Land Brokerage (Entitled, In-Path-of-Growth) (BPAJADAJ)

Keywords

• Real estate development
• Residential property
• Commercial property
• Property leasing
• Mixed-use developments

Headquarters

HQ city

Riyadh

HQ country

Saudi Arabia

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Marketing or Sales

Revenue model

1. Residential Property Sales: Sale of residential units including villas, apartments, and townhouses across various projects (e.g., Al Dhahia, La Casa, Fai Sedra, Masaken, Al Akaria Park). Revenue recognized upon unit handover.
2. Commercial Property Sales: Sale and leasing of commercial spaces including office buildings, retail centers, and mixed-use complexes (e.g., Al Akaria Plaza, Al Akaria 2, Al Akaria 3, Al Akaria Sitteen).
3. Office and Showroom Leasing: Leasing of office spaces and commercial showrooms to businesses, providing recurring rental income.
4. Property and Facilities Management: Management of owned and third-party properties, including maintenance and operational services through subsidiaries Mumtalakat and BINYAH.
5. Infrastructure and Contracting Services: Infrastructure development and construction contracting services through subsidiaries TAMEAR and BINYAH, including roads, utilities, and building construction.
6. Land Sales: Sale of residential land plots (e.g., Al Akaria Park with 3,222 residential land plots).
7. Hospitality Lease Agreements: Long-term lease agreements with hospitality operators for branded residential and hotel developments (e.g., 20-year SAR 1.2 billion lease with Amsa Hospitality for Al Reef under Radisson brand).

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Al Akaria develops, sells, and leases residential, commercial, and mixed-use real estate across Riyadh and Jeddah, operating an integrated value chain through subsidiaries covering construction (TAMEAR), infrastructure (BINYAH), property and facilities management (Mumtalakat), and co-working (UNBOX). Revenue is generated from unit sales, recurring office and showroom leasing, land plot sales, long-term hospitality lease agreements, and infrastructure/contracting services.

Product overview

Al Akaria (The Saudi Real Estate Company) operates as a diversified real estate development company offering residential, commercial, and mixed-use properties across Saudi Arabia. The portfolio includes completed commercial centers (Al Akaria Plaza as the first smart building in Saudi Arabia, Al Akaria 2, Al Akaria 3 as the tallest commercial complex in the Kingdom), residential compounds (Al Reef, La Casa, Olaya Oasis, Masaken, Al Dhahia, Fai Sedra), and large-scale mixed-use developments (Porta Jeddah, Al Akaria Hills, Al Akaria Park). Services encompass land investment, real estate development, infrastructure and contracting, property and facilities management, office/showroom leasing, and villa/land sales. The company maintains subsidiaries including Mumtalakat (maintenance and property management), Binyah (infrastructure development), Tamear (construction), and UNBOX (shared workspace).

Differentiator

Problem solved

Functional benefit

Products and services

• Al Reef (الريف) Premium residential compound located in Riyadh's Diplomatic Quarter (Sefarat Neighborhood), offering 240 upscale residential units with full Radisson-brand hospitality operations.
• Porta Jeddah Contemporary mixed-use destination in Jeddah combining commercial centers, restaurants, entertainment venues, hotel accommodations, and office spaces with a car-free design and sustainability focus.
• Fai Sedra (فَيّ سدرة) Residential project in Sidra-Roshn neighborhood, Riyadh, offering 138 units in 4 unit types with Salman-style architecture and integrated amenities.
• Al Akaria Hills Urban experience project in Riyadh bringing together retail, hospitality, and workspace offerings in a balanced contemporary setting.
• Al Akaria Park Large-scale residential land development in northeast Riyadh with 3,222 residential land plots, extended entertainment destinations, green spaces, and comprehensive infrastructure.
• La Casa Residential complex in north Riyadh offering 162 units comprising a mix of apartments and villas, with diverse recreational facilities and urban-nature integration.
• Olaya Oasis Compound Established residential compound on Olaya Street, Riyadh, offering 840 units in fully integrated residential facilities with modern lifestyle amenities.
• Masaken (مساكن) Residential project in the Diplomatic Quarter featuring Andalusian-style design with 701 units in 3 unit types and integrated services.
• Al Akaria Plaza First Cisco-certified smart building in Saudi Arabia, offering smart workspace solutions and offices for business requirements in Riyadh.
• Al Akaria 2 Commercial complex on a prominent Riyadh street, established in 1982 as a sophisticated retail and office landmark.
• Al Akaria 3 Tallest commercial complex in Saudi Arabia, designed with classicism and sophistication, featuring a central foyer with natural lighting.
• Al Akaria Sitteen (عقارية الستين) Four-tower commercial complex in a historic Riyadh neighborhood near government departments and commercial areas.
• Al Dhahia (الضاحية) Residential complex with 557 units in 6 unit types, featuring a harmonious environment and safe atmosphere in Al Rimal district.
• Al-Narjis Business Park Business destination in Al-Narjis district, Riyadh, combining modern office spaces, restaurants, outdoor plazas, and landscaped green areas.
• Fai Sedra II (فَيّ سدرة 2) Residential development in Sidra-Roshn neighborhood, Riyadh, comprising 310 villas on 92,450 sqm with unit sizes ranging from 250-450 sqm.
• Marriott Autograph Collection Hotel (Riyadh) Luxury 280-room Autograph Collection hotel under the Marriott brand, to be developed near King Abdullah Financial District (KAFD) and Riyadh Park on the Northern Ring Road, with mixed-use commercial and entertainment facilities.
• Property and Facilities Management (Mumtalakat) Property maintenance and facility management services for owned and third-party properties, delivered through Mumtalakat, a Saudi-Korean joint venture with POSCO Group established in 2017.
• Infrastructure Development and Contracting (BINYAH) Infrastructure development and construction contracting services including roads, bridges, water and sewage networks, stormwater systems, electrical distribution, and gas networks, delivered through BINYAH, a partnership with MASCO established in 2017.
• Construction Services (TAMEAR) General construction services covering residential buildings, non-residential buildings, hotels, shopping centers, and hospitals, delivered through TAMEAR (Saudi Real Estate Construction Company), a wholly-owned subsidiary since 2021.
• UNBOX Co-working Spaces Premium shared workspaces including private offices, shared offices, meeting rooms, and event spaces, delivered through UNBOX, a wholly-owned subsidiary.

Quantifiable outcome

• Revenue of SAR 1.88 billion in FY 2025, with 37.6% increase in net income to SAR 296 million
• +3 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Seven partnerships are on record, tiered core and major.

• Amsa HospitalitycoreChannel Partner/ Reseller/ Distributor · 25 February 2026Al Akaria signed a 20-year lease agreement with Amsa Hospitality for the Al Reef Residential Compound in Riyadh's Diplomatic Quarter. The project spans 40,000 sqm with 240 residential units (176 apartments and 64 villas/townhouses), operated under the Radisson brand. Total contract value is approximately SAR 1.2 billion over 20 years, with operations expected to commence in Q4 2026.
• TAMEAR (The Saudi Real Estate Construction Company)coreImplementation/ SI/ Consulting Partner · 30 November 2025Al Akaria signed a contract with its wholly-owned subsidiary TAMEAR to develop the Al-Narjis Business Park project in Al-Narjis district, Riyadh. The total contract value is SAR 338,784,971 (excluding VAT), covering civil, structural, architectural, MEP, and external works.
• Expo 2030 RiyadhcoreStrategic or Co-development Partner · 23 November 2025Al Akaria signed a framework agreement with Expo 2030 Riyadh, aligning the company with Saudi Arabia's hosting of the World Expo and supporting the country's Vision 2030 objectives.
• Rezik Abdullah Saeed Algedrawy Al-Thubaiti & Partners Co. Ltd.majorImplementation/ SI/ Consulting Partner · 5 November 2025Al Akaria signed a 730-day contract with Rezik Abdullah Saeed Algedrawy Al-Thubaiti & Partners Co. Ltd. for the Fai Sedra II residential complex in Riyadh. The SAR 425 million project covers civil, structural, architectural, electromechanical, and external works for 310 villas on 92,450 sqm of land.
• Marriott InternationalcoreStrategic or Co-development Partner · 21 February 2024Al Akaria signed an agreement with Marriott International to introduce Autograph Collection Hotels in Riyadh. The project near KAFD and Riyadh Park on the Northern Ring Road will feature 280 luxury rooms. Construction is scheduled to begin in 2025 and the hotel is expected to open by 2028. The mixed-use destination includes commercial facilities, restaurants, and entertainment areas.
• POSCO GroupmajorStrategic or Co-development PartnerMumtalakat, Al Akaria's subsidiary for property management and maintenance, was established in 2017 as a joint venture between Al Akaria and POSCO Group (Korea), combining Korean property management expertise with local market knowledge.
• Mohammed Ali Al Swailem Trading & Contracting Company (MASCO)majorStrategic or Co-development PartnerBINYAH (Saudi Real Estate Infrastructure Company) was established in 2017 as a partnership between Al Akaria and MASCO to provide infrastructure development services including roads, water, sewage, stormwater, electrical distribution, and gas networks.

Scale indicators14 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Taiba Holding Company: Saudi-listed real estate and hospitality company with hotel and commercial property operations in Madinah. Comparable to Al Akaria in combining real estate development with hospitality operations and Tadawul-listed profile.
• Dar Al Arkan Real Estate Development: Largest publicly listed real estate developer in Saudi Arabia, focused on residential, commercial, and mixed-use projects across major Saudi cities. Most direct comparable to Al Akaria in scale, listed status, and Vision 2030-aligned development pipeline.
• Jabal Omar Development Company: Saudi-listed developer of large-scale mixed-use and hospitality real estate, primarily in Makkah, with phased master-planned projects. Comparable to Al Akaria in project size, hospitality lease strategy, and Tadawul-listed development model.
• ROSNN / ROSHN Group: PIF-backed Saudi residential developer building master-planned communities at massive scale. Overlaps directly with Al Akaria on Saudi residential supply, target buyer segment, and sovereign capital backing.
• Makkah Construction and Development Company: Saudi-listed developer focused on real estate in the Holy Sites of Makkah. Similar to Al Akaria in being a long-established, government-influenced Saudi developer with mixed residential, commercial, and hospitality exposures.
• SEDCO Development: Saudi real estate developer with mixed-use and master-planned community projects in Riyadh and Jeddah. Directly comparable to Al Akaria in geography, project type, and Saudi-listed developer profile.
• Emaar, The Economic City (EEC): Saudi-listed developer of King Abdullah Economic City, a large-scale master-planned mixed-use city. Comparable to Al Akaria in operating at city-scale master-planned developments in Saudi Arabia under public-company governance.

Broad incumbents

• Kingdom Holding Company: Large Saudi-listed conglomerate with significant real estate and hospitality holdings (Four Seasons, Kingdom Tower, Riyadh Land). Overlaps with Al Akaria on premium Saudi real estate exposure but operates as a diversified investment holding company rather than a pure developer.

Regional players

• Aldar Properties: UAE-listed major real estate developer focused on Abu Dhabi with growing Saudi exposure. Regional peer comparable to Al Akaria in mixed-use development, hospitality partnerships, and GCC master-planned community expertise.
• Emaar Properties: UAE-listed mega-developer with iconic mixed-use, hospitality, and master-planned community projects across the Middle East. Regional comparable to Al Akaria in hospitality-lease partnerships (e.g., Address, Marriott tie-ups) and integrated development approach.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/AlakariaSA
• YouTubeyoutube.com/@alakaria
• Instagraminstagram.com/alakariasa/?hl=ar
• Facebookfacebook.com/AlakariaSA
• LinkedInlinkedin.com/company/alakariasa

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries4 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Al Akaria