Al Hayat International Real Estate Company held its Extraordinary General Assembly for the fiscal year ending December 31, 2024, on Wednesday, July 16, 2025, at the company’s headquarters.
During the meeting, shareholders approved an amendment to Article (5) of the company’s Articles of Incorporation, updating the company's business objectives to align with the international classification system.
The revised objectives include:
- Buying and selling land and real estate.
- Buying and selling land and real estate for the company’s own account only.
- Managing and leasing owned or rented real estate (both residential and non-residential).
- Managing and operating serviced apartments.
- Owning real estate and movable assets for the benefit of the company.
- Managing third-party properties.
- Developing and managing land and real estate.
- Providing real estate valuation services.
- Real estate reservation services.
- Installing air conditioning and cooling systems, including ductwork installation.
- Mechanical installations and electrical wiring related to company operations.
- Mechanical work.
- Electrical installations.
- Buying and selling stocks and bonds for the company’s own account.
- Providing and preparing technical, economic, and environmental studies, consultations, and evaluations.
- Building maintenance services.
- Organizing and managing trade exhibitions.
- Investing financial surpluses in portfolios managed by specialized firms and entities.
The company affirmed its commitment to ensuring that all its operations and business activities comply with Islamic Sharia principles.
Assemblies
Modification of the company's purposes