Banan Real Estate Development Company is a prominent real estate company that operates in the Kingdom of Saudi Arabia. The company aims to contribute to the development of the real estate sector and become one of the most important partners for success in growth and investment in the region. Banan Real Estate Development Company has a diverse portfolio of income-generating properties throughout the Kingdom, including commercial and residential real estate and hotels.
Here are some key points to keep in mind when thinking about Banan Real Estate Development Company:
- Banan Real Estate Development Company is committed to contributing to the development of the real estate sector in Saudi Arabia.
- The company has a diverse portfolio of income-generating properties throughout the Kingdom, including commercial and residential real estate and hotels.
- Banan Real Estate Development Company actively manages and leases its properties and has a strong track record of success in this area.
- The company is also committed to investing in growth and development opportunities in the real estate sector and strongly focuses on innovation and sustainability in its operations.
- Banan Real Estate Development Company is well-positioned to continue to play a great role in developing the real estate sector in Saudi Arabia. It is a company to watch in the years to come.
- Website: https://bananrealestate.com/
- Contact Information: 0114808085
Company Overview
Banan Real Estate Development Company is a Saudi joint stock company that aims to contribute to developing the real estate industry in the Kingdom of Saudi Arabia. The company’s vision is to be one of the most important partners for success in growth and investment in this sector.
Founding and Growth
Banan Real Estate Development Company was founded in 2005 in Riyadh, Saudi Arabia, under Commercial Registration Certificate No. 1010207597. Since then, the company has experienced steady growth and has become a prominent player in the real estate market in Saudi Arabia.
Subsidiaries and Partnerships
Banan Real Estate Development Company has several subsidiaries and partnerships that help it achieve its goals. One of its subsidiaries is Al-Aziza Real Estate Investment and Development Company, which focuses on investment and development of real estate projects. In December 2023, Al-Aziza Real Estate Investment and Development Company renewed its contract with Al-Haqbani Group Trading Company, a testament to Banan Real Estate Development Company’s strong relationships with its partners.
Banan Real Estate Development Company has a website where customers can find information about the company and its services. The user-friendly website provides information about the company’s history, mission, and vision.
- Banan Real Estate Development Company was founded in 2005 Riyadh, Saudi Arabia.
- The company aims to contribute to developing the real estate sector in Saudi Arabia.
- Banan Real Estate Development Company has several subsidiaries and partnerships, including Al-Aziza Real Estate Investment and Development Company.
- Al-Aziza Real Estate Investment and Development Company renewed its contract with Al-Haqbani Group Trading Company in December 2023
- The company has a user-friendly website where customers can find information about the company and its services.
Real Estate Projects
- Commercial Plaza 46
- Mini Oval
- Block 14
- Al Raed Building
Financial Performance
Banan Real Estate Development Company has been growing its earnings at an average annual rate of 17.9% over the past few years. The company’s return on equity (ROE) is 7%, with net margins of 41.5%. In this section, we will explore the financial performance of Banan Real Estate Development Company in detail.
Revenue and Net Profit
- Banan Real Estate Development Company’s revenues have been growing at an average rate of 29.3% per year.
- The fiscal year 2024 revenue and net profit figures have yet to be available.
Dividends and Market Cap
- Banan Real Estate Development Company has not paid dividends in the past few years.
- The market capitalization of Banan Real Estate Development Company is also not available at the moment.
Banan Real Estate Development Company’s relatively low ROE suggests that other factors might be driving its growth, such as efficient management practices or a low payout ratio. However, the company’s net solid margins indicate it generates a healthy profit.
Overall, Banan Real Estate Development Company has shown impressive growth in its earnings and revenues over the past few years, and its solid net margins indicate that it is generating a healthy profit from its operations. However, some investors may be concerned about the lack of dividend payments and market capitalization figures.
Operational Highlights
Key Projects and Developments
- Banan Real Estate Development Company has been actively creating several real estate projects in Saudi Arabia, focusing on commercial and residential properties.
- The company has completed several key projects recently, including constructing modern and high-quality warehouses in Riyadh and Dammam.
- Banan Real Estate Development Company has also been involved in developing residential properties in Qassim, which has helped to address the demand for affordable housing in the region.
Strategic Initiatives
- Banan Real Estate Development Company has implemented several strategic initiatives to drive growth and enhance its market position.
- Banan Real Estate Development Company has also invested in the latest tools to improve its operational efficiency and customer experience.
- The company strongly focuses on sustainability and has implemented several initiatives to reduce its impact, including using renewable energy sources in its properties.
Governance and Leadership
Board of Directors
Banan Real Estate Development Company’s Board of Directors is responsible for the company’s overall direction, supervision, and control. The Board consists of experienced and skilled individuals committed to ensuring the company’s success. The following are the members of the Board of Directors:
- Abdul Mohsen Abdul Aziz Saleh Al-Haqbani (Chairman)
- Ahmed Abdel-Rahman Abdel-Aziz Al-Haqbani (Vice-Chairman)
- Faisal Muhammad Abdulaziz Al-Haqbani
The Board of Directors is committed to ensuring that the company operates following the highest standards of corporate governance.
Executive Management
Banan Real Estate Development Company’s executive management team is responsible for the company’s day-to-day operations. The team consists of professionals committed to ensuring the company’s success. The following are the members of the Executive Management team:
- Abdul Mohsen Abdul Aziz Saleh Al-Haqbani (CEO)
- Ahmed Abdel-Rahman Abdel-Aziz Al-Haqbani (COO)
The Executive Management team implements the strategic direction the Board of Directors sets. They oversee the company’s operations and ensure policies and procedures are in place to achieve its goals. The team is committed to ensuring that the company operates following the highest standards of corporate governance.
Banan Real Estate Development Company is committed to ensuring its governance and leadership structures are transparent, effective, and accountable. The company is dedicated to creating value for its stakeholders and achieving its strategic objectives.
Contracts and Agreements
Recent Deals
Banan Real Estate Development Company has been active in the real estate market and has recently renewed several contracts with different companies. The following are some of the recent deals that the company has made:
- Al-Aziza Real Estate Investment and Development Company, a Banan Real Estate Development Company subsidiary, has renewed its contracts with the ARABIAN Company for FANS.
- Al-Aziza Real Estate Investment and Development Company has renewed its contracts with Al-Haqbani Group Trading Company.
- Al-Aziza Real Estate Investment and Development Company has renewed its contracts with Fad Company for Mechanical and Electrical Equipment.
Lease Agreements
Banan Real Estate Development Company has signed several lease agreements for office and warehouse spaces with different companies. The following are some of the lease agreements that the company has made:
- Al-Aziza Real Estate Investment and Development Company has renewed its lease contracts with Fad Co. for Mechanical and Electrical Equipment. The contract value is SAR 1.34 million, and the lease period has not been disclosed.
- Al-Aziza Real Estate Development and Investment Co. renewed contracts with Arabian Company For Fans and Alhaqbani Trading Group for SAR 9.27 million (including VAT). The agreement with Arabian Fans covers the renewal of office and warehouse leases in Riyadh and Qassim for SAR 3.74 million (including VAT).
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Frequently Asked Questions
What types of properties does Banan Real Estate Development Company specialize in?
Banan Real Estate Development Company specializes in developing innovative and world-class real estate projects that contribute to the development of society and are aligned with the vision of the KSA 2030.
How does Banan Real Estate Development Company ensure the sustainability of its projects?
Banan Real Estate Development Company is committed to ensuring the sustainability of its projects by adopting environmentally friendly and energy-efficient practices. Banan Real Estate Development Company also ensures its projects comply with local and international sustainability standards.
What are the latest developments or projects launched by Banan Real Estate Development Company?
Banan Real Estate Development Company has recently launched several new projects, including residential and commercial properties. These projects include the Plaza 46 Commercial Complex, which offers a range of administrative and retail spaces, and the Banan Oasis residential development, which features luxurious apartments and villas. Banan Real Estate Development Company is also developing several mixed-use projects that combine residential, commercial, and entertainment facilities.
How does Banan Real Estate Development Company contribute to the local community and economy?
The company also invests in social and cultural initiatives that promote the development of the local community. Banan Real Estate Development Company’s projects positively impact the local economy by attracting investment and driving economic growth.
What is the process for potential buyers to purchase a property from Banan Real Estate Development Company?
Potential buyers can purchase a property from Banan Real Estate Development Company by contacting its sales team or visiting one of its sales centers. The sales team will provide potential buyers with all the necessary information about the property, including its features, specifications, and pricing. Once the buyer has decided to purchase the property, they must sign a purchase agreement and pay a deposit. Banan Real Estate Development Company will then assist the buyer in completing the necessary paperwork and obtaining any required approvals.
