The activity of the company and its subsidiaries (collectively referred to as the group) is represented in practicing and implementing the following purposes: managing its subsidiaries or participating in the management of other companies in which it contributes and provides the necessary support for it, real estate activities: real estate activities in owned or leased properties, real estate activities: Real estate activities on a fee or contract basis, building construction, specialized construction activities, wholesale and retail trade, accommodation, food and beverage service activities, financial services activities, except for financing insurance and pension funds, real estate activities, leasing activities, use activities, creative activities, arts and activities Entertainment, and the company carries out its objectives in accordance with the applicable regulations and after obtaining the necessary licenses from the competent authorities, if any.
Al Baha Investment and Development Company is a Saudi public joint stock company listed under the Minister of Commerce Resolution No. 600 dated 05/06/1413 corresponding to November 30 1992 and Commercial Registration No. 5800005960 issued by the Commercial Registry Office in Al Baha city on 07/19/1413 AH Corresponding to 12/01/1993 on 05/06/1413 corresponding to 11/30/1992 AD the company shares were listed in the market with a number of 1,500,000 one million five hundred thousand ordinary shares and a nominal value of 100 one hundred riyals per share. with a capital of 150,000,000 one hundred and fifty million Saudi riyals and on 06/08/1438 corresponding to 02/05/2017 the companys extraordinary general assembly approved increasing the companys capital to 295,000,000 two hundred and ninety five One million Saudi riyals with 29,500,000 twenty nine million ordinary shares and a nominal value of 10 ten riyals per share for the purpose of acquiring the prestigious Centers Company Limited. The companys regular office has decided to reduce the companys capital from 295,000,000 two hundred and ninety five million Saudi riyals with a number of 29,500,000 twenty nine Lion ordinary shares with a nominal value of 10 ten riyals per share to 177.0000.000 one hundred and seventy seven million Saudi riyals and thus reducing the number of shares to 17,700,000 seventeen million and seven hundred thousand ordinary shares and a nominal value of 10 ten riyals per share And on 20/07/1443 corresponding to 21/02/2022 the extraordinary general assembly approved an increase in the companys capital by increasing the companys capital from 177.0000.000 one hundred and seventy seven million Saudi riyals and the number of shares 17,700,000 Seventeen million seven hundred thousand ordinary shares to 297.000.000 two hundred and ninety seven million Saudi riyals Number of shares 29,700,000 twenty nine million seven hundred thousand ordinary shares by way of rights issue shares with a total value of one hundred twenty 120,000,000 One million Saudi riyals so the companys capital after the current increase becomes 297,000,000 two hundred and ninety seven million Saudi riyals divided into 29,700,000 twenty nine million seven hundred thousand ordinary shares with a nominal value of 10 ten Saudi riyals per share.