# ASAS Makeen Real Estate Development and Investment Company

> Company on the TrustPlane Trade register, with its Wethaq rating and what it sells.

- Profile: https://raabet.io/en/companies/asas-makeen-real-estate-development-and-investment-company-9640
- Arabic name: أساس مكين
- Saudi Exchange: 9640 (Parallel Market (Nomu))
- Sector: Real Estate Mgmt & Dev't
- Legal form: Listed Joint Stock Company
- Commercial Registration: 1010895854
- Website: https://www.asasmakeen.com
- City: Riyadh

## Wethaq rating

- Not yet sent to Wethaq

## About

ASAS Makeen Real Estate Development and Investment Company is a Saudi real estate development and investment company based in Riyadh. Its own website says it started real estate development work in 2010, converted into a closed joint-stock company in 2022, and began trading on Nomu in 2025. The company says it develops and manages residential, commercial and mixed-use real estate, with projects and products across Saudi Arabia.

## What they sell

- Strip Mall (Commercial real estate development)
- Villas (Residential real estate development)
- Hotels (Hospitality real estate development)
- Mosques (Community real estate development)
- Apartments (Residential real estate development)
- Serviced Apartments (Hospitality residential development)
- Administrative Offices (Commercial real estate development)
- Agricultural Resorts (Leisure real estate development)
- Towers (Mixed-use / commercial development)
- Labor Housing (Residential real estate development)
- Rental Studios (Residential rental real estate)
- Townhouse (Residential real estate development)
- Floors (Residential real estate development)
- Office Villas (Commercial real estate development)
- Recreational Resorts (Leisure real estate development)

## Sources

- https://asasmakeen.com/en
- https://asasmakeen.com/en/about
- https://asasmakeen.com/ar/about
- https://asasmakeen.com/ar/faqs
- https://ipo.asasmakeen.com/wp-content/uploads/2025/04/makeen-ITF-en-v14.pdf
- https://asasmakeen.com/uploads/pages/ipo-budget.pdf
- https://www.saudiexchange.sa/wps/portal/saudiexchange/hidden/company-profile-main/%21ut/p/z1/04_Sj9CPykssy0xPLMnMz0vMAfIjo8ziTR3NDIw8LAz83d2MXA0C3SydAl1c3Q0NvE30I4EKzBEKDMKcTQzMDPxN3H19LAzdTU31w8syU8v1wwkpK8hOMgUA-oskdg%21%21/?companySymbol=9640&csrt=12711084247191534528
- https://www.saudiexchange.sa/Resources/fsPdf/26134_331_2025-04-29_20-49-32_en.pdf

- Last updated: 2026-09-19