Asala Holding

Asala Holding is a leading real estate company based in Saudi Arabia, specializing in the ownership, development, and management of shopping centers and commercial properties. With a current portfolio of nine operating shopping malls totaling 536 thousand square meters of gross leasable area (GLA), Asala aims to establish itself as the largest commercial real estate company in the near future. The company's malls, including Panorama Mall and Hayat Mall in Riyadh, and Al Andalus Mall in Jeddah, are operated and managed by its subsidiary, Hamat Property Company.

Founded by the respected businesses Jarir and Al Habib, Asala is driven by a mission to upgrade the shopping experience and create value for tenants, customers, employees, shareholders, and other stakeholders. The company is committed to efficiently operating smartly designed shopping properties to deliver superior services and maximize footfall. Asala also aspires to be the market-leading developer and investor in commercial & hospitality real estate while exploring opportunities in the MENA region.

With a paid-up capital of SR 300 million, Asala Holding is positioned to leverage its entrepreneurial real estate capabilities and superior property management competencies in the Saudi market, focusing on prop tech and real estate industries. As the company continues to expand its presence, it presents an interesting opportunity for potential investors seeking exposure to the evolving real estate landscape in the region.