Saudi Real Estate Projects Group Company was established as a Kuwaiti closed shareholding company under the name Saudi Projects Holding Group (formerly) on December 12, 2006, in compliance with the Commercial Companies Law. It was officially registered in the Commercial Register on January 9, 2007, with registration number 118526.
The company operates in accordance with the principles of Islamic Sharia in all of its activities.
Company Capital:
As per the annual financial report for the fiscal year ending December 31, 2021, the authorized, issued, and fully paid-up capital of Saudi Projects Group is KD 10 million (KD 10 million in 2020). This capital is distributed among 100,000,000 shares, each with a nominal value of 100 fils. All shares are fully paid in cash.
Furthermore, the current authorized, issued, and paid-up capital of Saudi Projects Group is KD 3 million (three million Kuwaiti Dinars). This capital is divided among 30 million shares, each with a nominal value of 100 fils. All shares are fully paid in cash.
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