Tamlik

What Tamlik does

Tamlik is a Saudi Arabian closed joint stock real estate development company headquartered in Jeddah, founded in 1993 by 40 elite businessmen led by Xenel Industries, Mohamed Binladin Co., and Dallah Real-Estate & Tourism Development. The company develops residential and commercial real estate projects targeting high and middle income segments in Saudi Arabia, with a portfolio of over 20 named projects spanning standalone villas, residential compounds, commercial towers, mixed-use towers, and district-scale developments. Core products include villa projects (Muhammadiyah, Safwat series, Al-Rahmah series, Dour Alrawdah, Al Andalus), residential compounds (Rania, Saraya, Dallah), tower projects (Tamlik Tower, Jeddah Gate, Ubhur Tower), and the Alruwais District Development (1,450,000 sq.m). Properties are sold through immediate payment or long-term installment programs reaching up to 20 years, with payment facilitations up to 10 years for commercial office units.

The company operates through three integrated business lines: (1) self-developed real estate projects where Tamlik is owner or partner, (2) development and marketing services for third-party projects, and (3) property management services including facilities management, operations, and maintenance. Capital base stands at 300 million SAR following the 2009 transformation to a closed joint stock company, up from 90 million SAR at founding in 1993. Geographic operations span Jeddah (Western Province) and Riyadh (Central Province), with government partnerships including the Ministry of Housing for the North Riyadh housing project and Jeddah Development and Urban Regeneration Company for the Alruwais district. Leadership is exercised through a board chaired by Sheikh Mohamed Ahmed Zeinel Ali Ridha, with a COO transition in 2016 appointing Essam Adil Dagstani.

Tamlik's revenue model combines one-time unit sales (residential and commercial) with recurring professional services fees (development services, marketing, property management) and operational investment income from owned complexes. Pricing is quote-based and not publicly disclosed. The company employs 11-50 people and generates sales through a direct specialized sales team. No revenue figures are disclosed; historical data shows 180 million SAR invested in residential units with 260 million SAR in sales during 1995-2004. The company has no disclosed AI/ML capabilities, technology platform, or app, operating as a traditional real estate developer with long-term installment financing as its primary differentiator.

Name

Tamlik

Legal name

Tamlik – A Closed Joint Stock Company

Website

https://tamlik.com

Company type

Private

Founded year

1993

Operating status

Operating

Headcount range

11–50 employees

Short description

Tamlik is a Saudi Arabian real estate developer founded in 1993 that builds and sells residential and commercial properties in Jeddah and Riyadh, serving high and middle income buyers through long-term installment programs up to 20 years. It also offers third-party development, marketing, and property management services.

Ownership category

akta.pro rank

Product category

Residential and Commercial Real Estate Development

NAICS

Land Subdivision (23721), Real Estate Property Managers (53131), Offices of Real Estate Agents and Brokers (5312)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), Real Estate Dealers (For Their Own Account) (6532), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)

akta.pro secondary industry

HOA / Condominium Association Management (BPAJAFAH)

Keywords

• Residential real estate development
• Commercial property development
• Property management services
• Real estate marketing services
• Installment property sales

Headquarters

HQ city

Jeddah

HQ country

Saudi Arabia

HQ region

Middle East

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Real Estate Development and Sales: Tamlik develops and sells residential and commercial real estate units. The company builds units for high and middle income classes, selling them through immediate payment or long-term installment systems reaching up to 20 years. Sales transactions typically range from 5 to 20 year terms.
2. Property Management Services: The company provides property management services including facilities management, operations, and maintenance services for both its own projects and third-party properties.
3. Development Services for Third Parties: Tamlik offers development services to investors or organizations lacking time or specialization, including overseeing studies, managing implementation works, marketing and sales, and after-sales services.
4. Operational Investment Income: The company evaluates operational investment opportunities in existing or scalable residential or commercial complexes that generate annual income and contribute to increasing asset value.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels2 records

Core offering

Tamlik develops, sells, and manages residential and commercial real estate in Saudi Arabia, primarily in Jeddah and Riyadh. The company builds and sells villa projects, residential compounds, commercial towers, mixed-use developments, and a large-scale district regeneration project, offering units through immediate payment or installment programs reaching up to 20 years. It also provides real estate development, marketing, and property management services to third-party clients and operates investment properties.

Product overview

Tamlik is a Saudi Arabian closed joint stock real estate development company offering a diversified portfolio of residential and commercial real estate projects across Jeddah and Riyadh. The portfolio includes 19 named property projects spanning residential villas (standalone and compounds), towers (commercial and mixed-use), and district-scale development. The company operates through three business models: self-developed projects where Tamlik is owner or partner, development services for third parties, and operational investment in existing residential/commercial complexes. Key residential products include villa projects (Muhammadiyah, Safwat series, Al-Rahmah series, Dour Alrawdah, Al Andalus), residential compounds (Rania, Saraya, Dallah), and tower projects (Tamlik Tower, Jeddah Gate, Ubhur Tower). The company also offers property management, marketing, and development services as complementary offerings. Projects are sold through installment programs reaching up to 20 years and target both upper and middle-income segments.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• Developed and invested 180 million SAR in residential units with sales of 260 million SAR (1995-2004)

Named customers2 records

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered core and minor.

• Xenel Industries Ltd (زينل للصناعات المحدودة)coreStrategic or Co-development Partner · 1 January 1993Lead founding partner of Tamlik. A Saudi group of companies with multiple businesses, worldwide offices, and partnerships with brands such as Lockheed Martin, Resource Science Corporation, and NEC Japan. Ranked among top ten companies in Kingdom's private sector with annual returns exceeding $1 billion US.
• Mohamed Binladin Co. (شركة محمد بن لادن)coreStrategic or Co-development Partner · 1 January 1993Major founding partner. The Binladin Group is highly diversified with investments covering construction, industry, petrochemicals, infrastructure, transportation, public services, and trade with real estate assets estimated at over $2 billion US.
• Dallah Real-Estate & Tourism Development (دلة للتنمية العقارية والسياحية)coreStrategic or Co-development Partner · 1 January 1993Major founding partner. One of Dallah Albaraka Group holding companies covering banking services, operation & maintenance, contracts, and real estate. Has achieved real estate projects valued at approximately 3 billion SAR, including Durat Al Arous in Jeddah. Group assets exceed $6 billion US.
• Faisal Islamic Bank (Alshamil Bank)minorStrategic or Co-development PartnerFirst partnership with Faisal Islamic Bank (currently Alshamil Bank) for Paradise Lagoons project, launched as a real estate investment fund through the bank under Tamlik's management.
• Jeddah Development and Urban Regeneration CompanycoreStrategic or Co-development PartnerPartnership with Jeddah Municipality for Alruwais District Development Project (1,450,000 sq.m area) within the regulating systems of developing slums in Makkah Mukarramah district.
• Ministry of Housing (Saudi Arabia)coreStrategic or Co-development PartnerTamlik won a partnership with Ministry of Housing for North Riyadh housing project, developing 200 apartments as part of a 1,000-unit project. The partnership was awarded after competition among development companies.

Scale indicators5 records

Recent moves9 records

Expansion highlights6 records

Regional players

• Aldar Properties: UAE-listed major real estate developer with primary focus on Abu Dhabi. Operates in a similar GCC market context with comparable residential and mixed-use development model, but does not primarily compete in Saudi Arabia like Tamlik.

Emerging players

• ROSHN: PIF-backed Saudi residential developer rapidly scaling integrated housing communities across multiple Saudi cities. Comparable to Tamlik in targeting middle-income Saudi homebuyers with master-planned residential communities under Vision 2030.

Direct peers

• Knowledge Economic City (KEC): Saudi-listed developer of the Knowledge Economic City master-planned community in Madinah, focused on mixed-use development with residential, commercial, and education components. Comparable to Tamlik in delivering multi-phase Saudi urban development projects.
• Saudi Real Estate Company (Al Akaria): Saudi-listed real estate developer and property manager active in residential, commercial, and land development across Saudi Arabia. Comparable to Tamlik as a long-standing Saudi developer offering both development and property management services.
• Makkah Construction and Development Company: Saudi-listed developer focused on residential and hospitality real estate in Makkah, building and managing properties targeting Saudi and pilgrimage-driven demand. Comparable to Tamlik's Saudi-focused mixed-use development model.
• Jabal Omar Development: Saudi-listed mega real estate developer building large mixed-use residential, commercial, and hospitality developments, including phased master-planned communities in Makkah. Comparable to Tamlik in developing large multi-tower, multi-use Saudi urban projects.
• Dar Al Arkan Real Estate Development: Saudi Arabia's largest listed residential real estate developer, focused on building and selling residential communities and land plots to Saudi households. Closely comparable to Tamlik in targeting middle-to-high income Saudi buyers with installment-based ownership models.

Others

• SEDCO Holding: Saudi investment holding company with real estate and property management operations. Tangentially comparable as a Saudi ecosystem participant rather than direct residential developer competitor to Tamlik.
• Kingdom Holding Company: Saudi-listed conglomerate with major real estate holdings including Kingdom Tower/Kingdom Centre in Riyadh. Thematically adjacent as a major Saudi property owner but operates at significantly larger scale and as a holding company rather than active developer.

Broad incumbents

• Emaar Properties: UAE-listed global real estate developer with significant Saudi operations including KAEC. Operates a much broader portfolio spanning residential, commercial, retail, and hospitality, making it a broader incumbent rather than direct peer, but with overlapping Saudi development activity.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

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 Tamlik