SCSA was licensed by the Capital Market Authority (CMA) in the Kingdom of Saudi Arabia on the 21/03/1428 H corresponding to 09/04/2007 G under license no 07056-37 and under the Commercial Registration number 1010243538 dated 21/01/1429 H, to conduct the activities of Dealing as Principal, Underwriting, Managing, Arranging, Advisory and Custody with respect to Securities.
SCSA commenced its official operations in accordance with the commencement approval letter received from the Capital Market Authority of Saudi Arabia on the 27/02/1429 H corresponding to 05/03/2008 G
Licensed by the Capital Market Authority of Saudi Arabia which (License no. 07056-37)
Commenced its official operations which coincided with the Global financial markets meltdown.
Closed the SR 535 million equity raising for its SHUAA Saudi Hospitality Fund I in partnership with Rotana Hotel management Corporation PSJC.
Closed the SR80 million Jeddah Centro Fund I
Started the development of the Jeddah Centro project
Closed the SR 125 million Dammam Rayhaan Fund I
Started the development of the Riyadh Centro project
Secured debt financing for all 3 hospitality projects for a total amount of SR 366 million
Established the GCC Real Estate Fund for an amount of SR 175 million
Started the development of its Dammam Rayhaan project
Exited the GCC Real Estate Fund at an IRR 125 %to investors.
Placement Agent for $60 million in equity raising for Cayan Real Estate Development Fund I
Closed the SR600 million raising for the SHUAA Wadi Al Hada Fund
Opening of Centro Shaheen Jeddah
Opening of Centro Waha Riyadh
Secure debt financing of SAR 731 million for SHUAA Wadi Al Hada Fund I
Commencement of mobilization works for SHUAA Wadi Al Hada Project
Secured refinancing of Jeddah Centro Fund I of SAR 98.5 million
Secured SAR 430 million for Cayan Real Estate Development Fund I
SWAF Progress in constructions of the project.
Operating assets achieved better than forecasted performance