Riyadh - Mubasher: Al-Awali Real Estate Company's CEO, Sulaiman Al-Rumaih, said that the company is working with a number of consultants on the final preparations for its listing on the Saudi Stock Exchange (Tadawul) by the end of this year.

Al-Rumaih added in an interview with Al Arabiya on the sidelines of the Aqarmap Summit in Cairo that the company is expected to complete its listing on the Saudi market within the next year.

He pointed out that the company has a real estate portfolio worth approximately 5 billion riyals, noting that the focus of business at the current stage is primarily on the city of Riyadh, as well as the western region of Jeddah, which accounts for the largest portion of the company's portfolio.

He continued, "This year, our focus is more on working with the National Housing Company to provide a greater number of housing units in Jeddah and Riyadh, and in the commercial and administrative sectors."

The CEO of Al-Awali Real Estate Company confirmed that the company is working with its Egyptian partners in the Egyptian market, noting that the areas the company is focusing on in Egypt are new cities, such as the Administrative Capital and the North Coast.