Tamlik Company (Joint Stock) Information

Tamlik Company Ltd. was established in 1993 by an elite of 40 businessmen in Jeddah. Led by the founding companies; Xenel Industries Ltd, Mohamed Binladin Co. and Dallah Real-Estate & Tourism Development. The company's initial capital was SR 90 million soon raised to SR 125 million in 1994. The company's main objective is to build residential units for high and middle income classes sold at prompt payment or installment systems for long terms reaching 20 years. After 5 years only from its foundation Tamlik has become a renowned source for real estate development and installment sales. During the period from 1995 – 2004 Tamlik was able to develop and invest SR 180 million in residential units, with sales amounting to SR 260 million, the majority of which were financing sale transactions with terms varying between 5 – 20 years. In 2009 the company has managed to change its legal form from a limited liability company into a closed joint stock company (following the ministerial resolution No. (371/Q) dated 21/12/1430) raising its capital to SR 300 million. FUTURE WITH TAMLIK The development process is an essential part of practical life and requires consistent and hard work to go in line with human and environment development. To this end, Tamlik is assiduous to keep on researching, evaluating and studying the elements of the real estate opportunities, which contribute to developing and securing the real estate investment and development requirements, so that both users and investors benefit from the company's products. Such efforts are exerted to enhance the ongoing trust, interact with the concerned real estate areas and opening good investment opportunities to achieve the development objectives, which are fruitful to both environment and society. Tamlik's main qualities of experience, trust, methodology, satisfaction and success are the elements which all company's clients rely on and cherish.