Hamat

What Hamat does

Hamat Holding Company is a privately held Saudi Arabian commercial real estate developer, owner, and operator founded in 2012 and headquartered in Riyadh. The company manages a portfolio of 15+ shopping malls spanning all five major Saudi provinces and key cities including Riyadh, Jeddah, Dammam, Abha, Taif, Madinah, Tabuk, and Jizan, attracting 50M+ visitors annually. Its core business is leasing retail space to global and regional brands — including luxury (Dior, APM Monaco, Rituals), fashion (Sacoor Brothers, H&M Home), beauty (Ulta Beauty), technology (Dyson), and sportswear (JD Sports) operators — through a B2B model that generates recurring rental revenue, supplemented by event, entertainment, and foot-traffic-driven revenue streams.

Name

Hamat

Legal name

Hamat Holding Company

Website

https://hamat.sa

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

251–500 employees

Short description

Hamat Holding Company is a Saudi Arabian commercial real estate developer and mall operator managing 15+ shopping centers across the Kingdom, serving 50M+ annual visitors and leasing space to global and regional retail brands.

Ownership category

akta.pro rank

Headquarters

HQ city

Riyadh

HQ country

Saudi Arabia

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Retail Space Leasing: Hamat generates primary revenue through leasing retail space to global and regional brands across its portfolio of 15+ malls in Saudi Arabia. Tenants include luxury brands, fashion retailers, entertainment operators, and dining establishments that pay rent for storefronts and commercial units.
2. Entertainment and Events: Hamat operates entertainment centers and hosts events at its malls, including the Tabuk Summer Festival, RLC Honors Gala, and family entertainment zones. These generate revenue through ticket sales, sponsorships, and increased foot traffic that benefits retail tenants.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels8 records

Core offering

Hamat Holding Company develops, owns, and operates a portfolio of 15+ shopping malls and commercial retail destinations across major Saudi Arabian cities. Its core business is leasing retail space to global and regional brands across these properties, complemented by entertainment centers, dining outlets, and community events that drive foot traffic to the malls. Upcoming developments include Al Huda Park in Makkah (Q1 2027 opening) and Masar Mall as part of the Masar Destination project.

Product overview

Hamat Holding is a commercial real estate developer, owner, and operator of shopping centers across Saudi Arabia. The company operates a portfolio of 15+ retail properties spanning major cities including Riyadh, Jeddah, Dammam, Abha, Madinah, Taif, Tabuk, Jizan, and Makkah. Hamat's core offering consists of shopping mall properties that provide retail, entertainment, and dining experiences, complemented by digital services like a tenant portal, employee development programs (Hamat Academy), and entertainment platforms (Hamat Stage). The company is also developing major upcoming destinations including Al Huda Park in Makkah (Q1 2027) and Masar Park (part of the Masar Destination development). Individual mall properties include established destinations like Riyadh Park Mall, Panorama Mall, Tabuk Park Mall, Dareen Mall, Amwaj Mall, Aseer Mall, Manar Mall, The Park Mall (Taif), Abhur Plaza, Azzan Plaza, Kadi Mall, The Village Mall, and Lavanda Park Mall, as well as upcoming properties like Al Huda Park and Masar Park.

Differentiator

Problem solved

Functional benefit

Products and services

• Riyadh Park Mall Modern upscale shopping destination in Riyadh featuring world-class entertainment facilities including a cinema complex and interactive play areas, serving as a hub for luxury retail and international brands.
• Panorama Mall (Riyadh) Architectural landmark in Riyadh fusing traditional Saudi elements with contemporary styles, offering diverse retail outlets, entertainment venues, and dining options.
• Tabuk Park Mall Comprehensive shopping and leisure destination in the northern region of Saudi Arabia, offering diverse retail outlets, family-friendly entertainment, and dining options.
• Dareen Mall (Dammam) Luxury shopping destination along the Gulf Coast featuring curated high-end brands, electronics, and dining options with scenic views and a family-friendly atmosphere.
• Amwaj Mall (Dhahran) Luxury mall in Dhahran known for high-end retail stores and premium brands, featuring elegant design and superior customer service.
• Aseer Mall (Abha) Cultural hub in the Aseer Mountains combining traditional Arabian architecture with modern amenities, reflecting the region's heritage while offering retail options.
• Manar Mall (Madinah) Shopping destination in Madinah near the Prophet's Mosque, offering retail outlets, restaurants, and religious goods with Islamic design elements.
• The Park Mall (Taif) Premier shopping and entertainment destination in the 'City of Roses' featuring spacious design with international and local brands, restaurants, and entertainment venues.
• Abhur Plaza (Jeddah) Modern hub of shopping and leisure on the Red Sea coast in Jeddah, combining retail, dining, and entertainment with contemporary architectural design.
• Azzan Plaza (Jizan) Hub of elegance and modern living in Jizan offering a blend of local and international brands, dining, and entertainment options.
• Kadi Mall (Jizan) One of the largest malls in Jizan offering wide variety of shopping, dining, and entertainment options with a family-friendly atmosphere.
• Al Huda Park (Makkah) Makkah's upcoming super-regional retail and lifestyle destination on the Fourth Ring Road, designed primarily for residents while serving the tourism market, with 50,000+ sqm GLA across 300+ stores, targeting 12M+ annual visits in Year 1.
• Masar Park / Masar Mall (Makkah) Upcoming super-regional retail destination in Makkah as part of the Masar Destination integrated urban development, spanning over 63,000 square meters with projected 20 million annual visitors, set to become the largest shopping center in Makkah.
• Hamat Stage Entertainment platform hosted within Hamat malls featuring events, performances, and activities that drive foot traffic and engagement.
• Tabuk Summer Festival 2025 A nine-week cultural and lifestyle festival at Tabuk Park Mall featuring live performances, family activities, and culinary experiences designed to drive foot traffic and tenant sales.
• Miraculous Adventure Entertainment Center A 1,400+ sqm entertainment center planned for Al Huda Park in Makkah featuring Ladybug and Cat Noir themed immersive experiences, interactive attractions, themed environments, a Parisian-inspired café, and an exclusive retail store, developed by Ground Control Entertainment under a Miraculous Corp license.
• Hamat Tenant Portal Digital portal for retail leasing inquiries and tenant management services, enabling businesses to engage with Hamat for retail space leasing opportunities.

Quantifiable outcome

• 50M+ annual visitors across Hamat's mall portfolio
• +2 more outcomes

Named customers8 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core and minor.

• Ground Control EntertainmentcoreStrategic or Co-development Partner · 25 June 2026Hamat signed a 10-year agreement with Ground Control Entertainment to bring Miraculous Adventure Entertainment Center to Al Huda Park in Makkah. The 1,400+ sqm attraction will feature immersive experiences based on the Miraculous franchise (Ladybug and CatNoir), interactive attractions, themed environments, a Parisian-inspired bakery cafe, and an exclusive retail store.
• Alshaya GroupcoreChannel Partner/ Reseller/ Distributor · 7 March 2026Alshaya Group is introducing Ulta Beauty to the Saudi market at Panorama Mall, Riyadh. Ulta Beauty will open its first Saudi store spanning over 600 sqm, bringing its portfolio of cosmetics, skincare, fragrance, and haircare products to the Saudi market.
• RLC Global ForumminorGTM or Marketing Partner · 3 February 2026Hamat co-hosted the 2026 RLC Honors Gala Dinner with RLC Global Forum in Riyadh on February 3, 2026. The event celebrated industry leadership in global retail and luxury sectors, awarding Marco Bizzarri (former Gucci CEO) and Ingie Chalhoub (Etoile Group) with Lifetime Achievement Awards.
• Azadea Group, Al-Futtaim Group, Chalhoub Group, Ibrahim Al Qurashi, Al Ghazali Watches, Imtiaz Al Arabia Group, Red Sea BeachminorStrategic or Co-development Partner · 26 January 2026Hamat hosted a site visit at Al Huda Park for senior representatives from leading regional and international retail groups to explore opportunities at the upcoming Makkah retail destination. Discussions focused on location strength, catchment depth, and Al Huda Park's role in serving Makkah's growing residential base.

Scale indicators7 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Majid Al Futtaim: Majid Al Futtaim is the leading MENA mall and retail operator, with significant Saudi presence including the Mall of Saudi project. It directly competes with Hamat for international brand anchor tenants and has overlapping entertainment and lifestyle concepts.
• Cenomi Centers: Cenomi Centers (formerly Arabian Centres) is the largest Saudi-listed mall operator with 20+ malls across KSA, the same product/market Hamat competes in. Both target premium retail tenants and Saudi consumers, giving the closest comparable for unit economics, occupancy dynamics, and tenant mix.

Regional players

• Dar Al Arkan Real Estate Development: Dar Al Arkan is a Saudi-listed real estate developer with growing retail/commercial components alongside its core residential focus. Comparable as a domestic Saudi developer competing for land, capital, and talent in KSA's commercial real estate market.

Broad incumbents

• Aldar Properties: Aldar is Abu Dhabi's largest real estate developer with a growing mall and retail/leisure portfolio. Comparable as a GCC commercial real estate operator pursuing flagship retail destinations, though serving a different primary geography.
• Emaar Properties: Emaar is a Dubai-based property developer operating major malls and mixed-use destinations across the GCC (e.g., Dubai Mall). It is comparable as a regional mall and lifestyle real estate operator pursuing premium tenant mixes, though Emaar's portfolio is broader and more international than Hamat's.

Others

• Kingdom Holding Company: Kingdom Holding is a major Saudi conglomerate (associated with Prince Alwaleed) with significant real estate and hospitality holdings including the Kingdom Centre in Riyadh. Comparable as a Saudi real estate holding/investor operating flagship commercial assets, but with a much broader non-real-estate portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/HamatHolding
• YouTubeyoutube.com/@HamatHolding
• Facebookfacebook.com/p/Hamat-Holding-Company-100065688271591
• Instagraminstagram.com/hamatholding

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

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 Hamat