Gulf Investment House plans to list Gulf Real Estate on Saudi market: CEO

02:30 PM (Mecca time) Argaam
Logo of Gulf Investment House (GIH)

Logo of Gulf Investment House (GIH)

Gulf Investment House (GIH) plans to list its Saudi-based affiliate Gulf Real Estate Co. on the Saudi market, CEO Mohammad Salah Al Ayoub told Asharq News.

 

The company is hiring an advisor for the listing.

 

For More IPOs

 

GIH recently raised its stake in Gulf Real Estate by 84.4 million shares in October to become a major shareholder, owning a 36.84% stake. The move aimed to accelerate its listing process on TASI.

 

According to Argaam data, Gulf Real Estate was established in 2005 as a closed joint-stock company in Riyadh. Its business activities include purchasing, selling, leasing, and developing land and real estate, operating residential and commercial buildings, and setting up trade and industrial exhibitions, among other ventures.

 

Gulf Real Estate is a major shareholder of Mulkia Gulf Real Estate REIT with a 21.58%.

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