Osool & Bakheet – Al Yamama City Center Fund
Osoul & Bakheet Investment Company has launched the “Osoul & Bakheet Four Directions Fund for Developing Al-Yamama City Center,” a closed private real estate investment fund aimed at developing a luxury residential units project in the center of Riyadh. The project is located minutes away on foot from the Kingdom Tower and is situated on…
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Launch of Osool & Bakheet Direct Financing Fund
Osool & Bakheet Direct Financing Fund to Support SMEs in Saudi ArabiaIn a strategic move to bolster the growth of small and medium-sized enterprises (SMEs) in Saudi Arabia, Osool & Bakheet Investment Company has announced the launch of the Osool & Bakheet Direct Financing Fund. This fund aims to provide innovative financing solutions that comply…
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Osool & Bakheet net profit rises to SAR 25.5M in 2023
Osool & Bakheet Investment Co.’s net profit rose to SAR 25.5 million for 2023, compared to SAR 10.2 million a year earlier, backed by a 114% surge year-on-year (YoY) in operating revenue to SAR 60.38 million for 2023, in addition to higher fair value investments. Financials (M) Item 2022 2023 Change Revenues 28.21 60.38 114.1…
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Appointment of Abdullah Al-Khurayef as Chairman of the Board of Directors of Osool & Bakheet Investment Company
Osool & Bakheet Investment Company announced that its Board of Directors decided on November 30, 2023, to appoint Board Member Abdullah Ibrahim Abdullah Al-Khurayef (Independent) as Chairman of the Board for the current term, which ends on December 26, 2024. The company clarified in a statement today on Tadawul that this appointment will be effective…
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The resignation of Abdulwahab Al-Bateeri, Chairman of the Board of Osool & Bakheet Investment Company
Osool & Bakheet Investment Company announced that its Board of Directors accepted the resignation of Abdulwahab bin Abdulkarim Al-Bateeri from his position as Chairman and member of the Board on November 23, 2023. The company explained in a statement on Tadawul that the resignation will take effect starting Sunday, November 26, 2023, noting that the…
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