The Extraordinary General Assembly of Tamdeen Shopping Center Company, held on July 30, 2025, approved the amendment of Article (5) of the Articles of Incorporation and Article (4) of the Articles of Association related to the company’s objectives. The updated objectives are as follows:
Buying and selling land and real estate, resorts, and constructing buildings and resorts; managing and leasing owned or leased properties (both residential and non-residential); project management; operating and managing hotel apartments and hotels; owning real estate and movables for the benefit of the company; third-party property management; and the development of land and real estate.
Additional activities include property booking.
designing, building, operating, maintaining, and converting projects under the PPP system; organizing and managing commercial exhibitions, conferences, restaurants, hotel apartments, rest areas, cafés, hotels, and multi-purpose halls (such as wedding halls, conference centers, and exhibition spaces); providing real estate consulting, building maintenance services, and conducting auctions outside commercial spaces and in recreational areas such as parks and beaches.
The company is also authorized to operate entertainment-focused exhibitions and markets, manage tourism facilities, operate sports facilities and provide related services, manage health institutes, and establish our partner with other companies to carry out its business.
Furthermore, it may buy and sell stocks and bonds for its own account and invest financial surpluses through portfolios managed by specialized companies and entities."