Asala Holding Company (“Asala”), a Saudi privately held limited liability company with paid-up capital of
SR 300 million, is a leading real estate company specializing in the ownership, development and
management of shopping centers and commercial properties.
Asala’s current portfolio is comprised of nine operating shopping malls in the Kingdom totaling 536
thousand square meters of gross leasable area (GLA). All the malls within our portfolio are operated and
managed by our subsidiary; Hamat Property Company.
Some of our unparalleled shopping destinations in the country include Panorama mall (Riyadh), Hayat
mall (Riyadh), and Al Andalus mall (Jeddah).
Asala was founded by the well-respected and successful businesses; Jarir and Al Habib. Both founders
combined their interests in shopping malls in Asala which they aspire to be the largest commercial real
estate company in the over the next few years.
Mission and Vision:
- Striving to upgrade the shopping experience through our commitment to our tenants to own and
efficiently operate smartly designed shopping properties to deliver superior services to shoppers in order
to maximize footfall.
- Creating value to our customers, employees, shareholders and the other stakeholders we distinguish
ourselves through our entrepreneurial commercial real estate focused capabilities and superior property
management competencies.
- Aspiring to be the market leading developer and investor in commercial & hospitality real estate, as well
as the leading provider of property services. While our emphasis is on Saudi market, MENA opportunities will be explored and pursued.
