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Al Akaria

Al Akaria

Saudi Arabia
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Al Akaria

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Core Evaluation

Comprehensive assessment of developer's core competencies

Track Record

Saudi Real Estate Company (Al Akaria) is a long-established Saudi real-estate developer founded by Royal Decree in 1976, with over five decades of experience developing integrated residential and commercial assets. Its historical projects include early residential compounds (e.g., Olaya Oasis), commercial centers, and ongoing developments like Fai Sedra and Al-Narjis Business Park in Riyadh

Financial Credibility

Al Akaria is majority owned by the Public Investment Fund (PIF) and other institutional shareholders, and operates as a listed joint-stock company with ongoing contracts and public financial disclosures, indicating significant institutional financial backing and market participation.

Project Quality

No widely available third-party independent quality assessments were found, but Al Akaria’s long operating history, portfolio diversity, and industry awards suggest established project delivery capabilities across residential and commercial developments.

Legal & Regulatory Standing

Al Akaria is a registered joint-stock company incorporated by Royal Decree and listed publicly, subject to Saudi Capital Market Authority regulations, which supports formal regulatory compliance and governance.

Customer Experience

Publicly available independent buyer or tenant reviews specific to Al Akaria’s projects are limited; most accessible information focuses on corporate announcements and project launches rather than verified customer feedback.

Market Reputation

Al Akaria is generally perceived as a legacy real-estate developer in Saudi Arabia with a broad footprint in residential, commercial, and mixed-use assets and recognition through industry awards, reflecting established market standing.

Innovation & Sustainability

Al Akaria has received sustainability-related awards and its corporate communications highlight a focus on safety and sustainable standards, though formal third-party certifications (e.g., LEED/BREEAM) are not explicitly documented in open sources