Osool and Bakheet Investment Company announces the results of the Ordinary General Assembly meeting (the first meeting) for the year 2024.
Osoul & Bakheet Investment Company announces the results of the 2024 Annual General Assembly meeting, which was held at 7:00 PM on Tuesday, 02/07/2024, via modern technology means after achieving the required legal quorum with a 70.61% attendance rate. The following Board of Directors members were present: Mr. Abdullah Al-Khraif, Mr. Abdulrahman Al-Yahya, Mr. Bashar…
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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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Osool & Bakheet Investment Company Announces the Appointment of its Board Chairman
Osool and Bakheet Investment Company announces, as per the decision of its Board of Directors dated 16/05/1445H (corresponding to 30/11/2023G), the appointment of existing Board member, His Excellency Mr. Abdullah Ibrahim Al-Khorayef as the Chairman of the Board of Directors for the current term. This appointment will be effective from the date of approval by…
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