Consolidated Brothers for Development Company

What Consolidated Brothers for Development Company does

Consolidated Brothers for Development Company (CBC) is a Saudi joint stock company (شركة مساهمة سعودية) established in 1993, headquartered in Riyadh, and operating as part of the Ibrahim Al-Sultan Group. The company is structured as a diversified investment holding entity with 100 million SAR in registered capital and commercial registration number 1010111728. Its primary business is real estate investment and property development across Saudi Arabia, with a secondary mandate to invest in banking, industrial, and financial market sectors both domestically and internationally, plus specialized subsidiaries in marketing, energy, and manufacturing.

The core asset base is a real estate portfolio spanning Riyadh and Jeddah, comprising six or more commercial centers (including Al Wasil Center, Maathar Center, Olaya Building, City Market Center, Hittin Square Center, Wasel Tower, and Arcadia Square Centre) and eight or more residential complexes (including Manazel Al Safwa, Brothers Residential Complex, Al-Salam Complex, Villas Al Murabba, Al Waseel Buildings, Al-Kabari Towers, and Majzal Building). Anchor commercial tenants include Tamimi Markets, Danube Hypermarket, and Panda Hypermarket. The residential portfolio aggregates more than 1,000 apartment units plus villa compounds across both cities.

The business model is real estate investment and leasing, with direct sales and leasing of properties as the primary distribution channel. The company targets individual and institutional investors for capital deployment opportunities, end-user property buyers and tenants for residential units, and commercial tenants for retail and office space. Revenue is generated through rental income from owned commercial and residential properties, plus returns from financial market investments in banking and industrial equities. Ownership and board control are concentrated within the Al-Sultan family, with Ibrahim Abdul Mohsen Al Sultan as Chairman, Abdullah bin Ibrahim Al-Sultan as Deputy Chairman and CEO, Abdul Majeed bin Ibrahim Al-Sultan as Board Member and CEO, Abdulmohsen bin Ibrahim Al Sultan as Board Member and Investment Manager, and Najlaa bint Ibrahim Al-Sultan as Board Member and CFO. The company maintains a formal alignment with Saudi Vision 2030.

Name

Consolidated Brothers for Development Company

Legal name

Consolidated Brothers Company for Development (CBC)

Website

https://cbc.com.sa

Company type

Private

Founded year

1993

Operating status

Operating

Headcount range

11–50 employees

Short description

Saudi joint stock real estate investment company managing a diversified portfolio of commercial centers and residential complexes across Riyadh and Jeddah, also investing in banking, industrial, and financial market sectors. Family-controlled under the Ibrahim Al-Sultan Group with 100M SAR capital.

Ownership category

akta.pro rank

Headquarters

HQ city

Riyadh

HQ country

Saudi Arabia

HQ region

Middle East

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Others

Revenue model

1. Real Estate Investment: The company generates revenue through commercial and residential real estate investments, including property development, leasing, and sales of developed properties across Saudi Arabia.
2. Financial Market Investments: Investments in banking and industrial sectors through financial markets, both inside and outside the Kingdom of Saudi Arabia.
3. Specialized Companies: Revenue from specialized subsidiaries in marketing, energy, and manufacturing sectors.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels2 records

Core offering

CBC is a Saudi diversified investment company whose primary activity is owning, developing and leasing a real estate portfolio of commercial centers, office towers and residential complexes across Riyadh and Jeddah. It complements this core activity with financial market investments in banking and industrial sectors, and with specialized subsidiaries in marketing, energy and manufacturing.

Product overview

Consolidated Brothers Company (CBC) is a Saudi real estate investment company that operates a diversified portfolio of commercial and residential properties. The company offers two primary product lines: commercial real estate investments (shopping centers, office buildings, and commercial complexes featuring retail tenants like Tamimi Markets, Panda, Danube Hypermarket, and Qasr Al-Awani) and residential real estate investments (apartment complexes, villa compounds, and housing units across Jeddah and Riyadh). The portfolio includes 6 major commercial centers (Al Wasil Center, Maathar Center, Olaya Building/Wasel 2, City Market Center, Hittin Square Center, Wasel Tower, Arcadia Square Centre) and multiple residential complexes (Manazel Al Safwa, Brothers Residential Complex, Al-Salam Complex, Villas Al Murabba, Complex of 6 Villas, Al Waseel Buildings, Al-Kabari Towers, and Majzal Building). CBC is part of the Ibrahim Al-Sultan Group and focuses on property investment, development, and leasing activities in Saudi Arabia.

Differentiator

Problem solved

Functional benefit

Products and services

• Commercial Real Estate Investments

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered minor.

• Tamimi MarketsminorOthersTenant in Arcadia Square Centre commercial center, one of the commercial brands operating within CBC's property portfolio.
• Danube HypermarketminorOthersMajor tenant in Hittin Square Center commercial property, representing one of the key anchor tenants in CBC's commercial portfolio.
• Panda HypermarketminorOthersAnchor tenant in Al Wasil Center commercial property, featuring as one of the major commercial brands in CBC's retail portfolio.

Scale indicators4 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Saudi Real Estate Company (Al Akaria): Saudi publicly listed real estate company developing residential, commercial, and office properties in Riyadh and other Saudi cities. Closely comparable to CBC in product mix (apartments, offices, retail) and Riyadh-centric focus.
• Taiba Investment Company: Saudi-listed investment and real estate company with holdings in hospitality, residential, and commercial property primarily in Madinah and other Saudi cities. Comparable as a Saudi diversified real estate investment company with a similar product mix to CBC.
• Emaar The Economic City (EEC): Saudi-listed developer of King Abdullah Economic City (KAEC), focused on large-scale residential, commercial, and industrial real estate development in Saudi Arabia. Directly comparable as a Saudi real estate developer with diversified residential and commercial product lines, though with a focus on greenfield master-planned cities versus CBC's urban infill portfolio.
• Arabian Real Estate Investment Company (AREIC): Saudi-listed real estate investment and development company focused on commercial, residential, and office properties across Saudi Arabia. Directly comparable as a Saudi-listed real estate company with diversified product offerings similar to CBC's.
• Retal Urban Development Company: Saudi-listed real estate developer focused on residential, commercial, and mixed-use projects in Saudi Arabia, with a growing portfolio of apartment complexes and retail centers. Directly comparable to CBC's residential-and-commercial dual strategy.
• Dar Al Arkan Real Estate Development: One of Saudi Arabia's largest publicly listed real estate developers, focused on residential, commercial, and mixed-use developments across Riyadh and other Saudi cities. Directly comparable to CBC in core real estate development activity and Saudi market focus, though at vastly larger scale and listed on Tadawul.
• Knowledge Economic City Developers (KEC): Saudi-listed real estate developer focused on Knowledge Economic City in Madinah, developing residential, commercial, and educational real estate. Comparable as a Saudi real estate developer with diversified product offerings, though geographically concentrated in Madinah rather than Riyadh/Jeddah.
• Jabal Omar Development Company: Saudi publicly listed developer of large-scale mixed-use real estate projects centered on hospitality, residential, and commercial developments near Makkah. Comparable to CBC as a Saudi-listed real estate developer with a long-duration project pipeline and prime-location strategy.

Broad incumbents

• Kingdom Holding Company: Large Saudi-listed diversified holding company with significant real estate, hospitality, and financial investment holdings, including stakes in international real estate developers. Comparable to CBC's diversified investment strategy across real estate and financial markets, though at a vastly larger scale and broader geographic footprint.
• SEDCO Holding: Saudi-based diversified investment management and holding company operating across real estate, private equity, and financial services with global reach. Comparable to CBC's diversified investment mandate across real estate, banking, and industrial sectors, though at much larger institutional scale.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/cbc-com-sa

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 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 Consolidated Brothers for Development Company