Al-Masakin Palace Company celebrated the 15th anniversary of its launch to become one of the largest and leading national companies in the real estate sector. However, the city of Jeddah recently hosted the company’s celebration in the presence of distinguished businessmen, investors, and representatives of major financing bodies, in addition to prominent social figures representing the private and non-profit sectors as well the company’s success partners throughout its business journey.
The company, however, designed a panoramic exhibition that tells its story and its future vision. The audience viewed it on the sides of the corridor leading to the main hall, which hosted the ceremony. At the beginning of it the chairman of the Board of Directors of Al-Masakin Palace Company, Mr. Adel Al Mari, welcomed the attendees and reviewed the most important milestones and successes achieved by the company during the past years, pointing out that the solid base on which the company has been built is investing in national cadres to be the basis of work within it and the engine of its achievements to achieve the objectives of the Kingdom’s Vision 2030, which he described as the most influential factor that helped the company move towards achieving its goals.
The company also reviewed a set of distinctive figures that it has achieved and are considered bright signs in its journey, through serving 16,700 Saudi families who owned their homes from the company’s products, as well as Darco Real Estate has developed 2,945 housing units, besides the support of success partners, represented by financing bodies, through providing them with (approximately 11.000.000.000 Saudi Riyals) as financing support for subsidized customers to own their homes, in addition to its keenness to develop an ambitious plan to cover all regions of the Kingdom. However, the company today is present in seven major cities to provide its services to customers, which are: Riyadh – Makkah Al Mukarramah – Al Madinah Al Munawwarah – Jeddah – Abha – Khamis Mushait – and Taif. Nevertheless, in the next few years, the branches network is expected to be increased to reach 21 branches in various cities of the Kingdom by the end of 2025 to serve more than 30,000 families.