About Company

About Al Hammadi

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.

About Company

The Company was established in 1985G in Riyadh as a sole-proprietorship under the name of Al Hammadi Hospital; on 25/01/1425H corresponding to 16/03/2004G Al Hammadi Hospital was converted to a Limited Liability Company under the name of Al Hammadi Hospital Company. Pursuant to the resolution of Al Hammadi Hospital Company shareholders on 13/06/1429H corresponding to 17/06/2008G and in accordance with the ministerial resolution number (316/Q) dated 16/09/1429H corresponding to 16/09/2008G the Company was converted to a Saudi Closed Joint Stock Company under the name of Al Hammadi Company for Development and Investment and the Company was registered in the commercial registry in Riyadh under commercial registration number 1010196714 dated 23/02/1425H corresponding to 13/04/2004G. On 20/07/1435H corresponding to 19/05/2014G the Company obtained the Capital Market Authority approval to increase its capital to be 750 million Saudi Riyals by issuing a new 22.5 million shares through an Initial Public Offering (IPO) within the period from 11/06/2014G to 17/06/2014G. Pursuant the IPO, the Company was listed on Saudi Financial Market (Tadawul) on 17/09/1435H corresponding to 15/07/2014G.

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: