2007
Founding
Memar got started by developing and selling residential projects.
The short story…
Memar specializes in building vitality in the Kingdom of Saudi Arabia and improving the quality of life through its real estate development activities in the hospitality, residential, and commercial sectors.
Our projects are about more than construction. They offer a different model of human-centered real estate development and real estate options that enrich the client experience.
Today, Memar’s portfolio encompasses 1 billion riyals and more real estate assets totaling 250,000 square meters. This story is still unfolding, and there are many more real estate development projects ahead in Saudi Arabia.
1
billion in real estate assets
1
Hotel rooms in Riyadh and Mecca
1
million in new projects
1
Thousand m² In projects already developed or in development
1
Hotel rooms development in 5 cities
1
thousand m² of office space and storefronts
2015
Expansion
Memar expanded into investing in hospitality and commercial projects.
2016
Transformation
Memar became a closed joint stock company.
2022
Private placement
Memar offered a portion of its shares in a private placement and increased its capital to SAR 485 million.
2023
Nomu listing
Memar offered a portion of its shares to the public on Nomu, the Saudi parallel equity market.
Perfection
Innovation
Compliance
Flexibility
… Expanded into a collection of stories:
… A story has its narrators:
The real estate sector in Saudi Arabia is a promising market laden with investment opportunities as the result of the country’s wise leadership. This is one of the fruits of Saudi Arabia’s Vision 2030, which inspired Memar’s strategy. Our company takes Saudi Arabia as its base of operations to focus on hospitality, residential, and commercial projects.
Memar is looking ahead to the future of the Saudi real estate sector, with a comprehensive strategy that enables it to seize the best investment opportunities. Today, Memar’s portfolio encompasses successful projects and others that are on the road to success, creating a balanced investment portfolio to help us maximize returns and provide our clients a successful investment experience.