Al Akaria Saudi Real Estate Co. (SRECO) was established by royal decree in 1976 and has been a leading Saudi real estate development company since its inception, delivering numerous innovative residential, retail and commercial projects.
With paid-up capital of SAR 2.4 Billion, Al Akaria is a Saudi Joint Stock Company that trades publicly as the Saudi Real Estate Company on the Saudi Stock Exchange. It has strong support from the Saudi government, as it partially owned by the government which is represented by Public Investment Fund and Public Pension Agency, in addition to support from local agencies and international partners.