Al Hammadi Company for Development and Investment (Al Hammadi) was established in the Kingdom of Saudi Arabia as a limited liability Company under commercial registration number (1010196714) issued in (2004) in Riyadh, and in (2008), the ministerial decree (316/S) was issued to be converted to a Saudi closed joint stock Company.
The Company in 19/05/2014 obtained the approval of the Capital Market Authority to increase the share capital from (525 million SR) to (750 million SR) by offering (22.5 million) new shares of the Company’s shares for public subscription. The Company’s shares were enrolled into the Saudi Stock Market on 15/07/2014 under the name of Al Hammadi.
Company Branches and their Activities
According to Articles of Association of the Company, the Company’s activity is concentrated in Saudi Arabia and in Riyadh and the Board of Directors may establish branches inside or outside the Kingdom. The following table shows the branches of Al Hammadi Company for Development and Investment in Riyadh, Saudi Arabia which are as follows: