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Company Profile
Abdullah Mohammed Bin Saedan and Sons Real Estate Company is a joint venture specializing in :

•   Land development and selling.
•   Residential and commercial construction, sales, and leasing.
•   Investment in real estate-related business.


Executive Summary

As a result of the establishment of both security and stability in Riyadh once King Abdul Aziz had captured the city in 1902, carving out the eventual capital city for the Kingdom, the real estate market began to boom through investments and exchanges of land. At this time, The late Sheikh Mohammed Bin Abdullah Bin Saedan initiated his own efforts to engage in the real estate business. Numerous business enterprises began to grow. People from rural areas of Najd resettled in Riyadh, seeking employment and trading opportunities. As a natural consequence, the incoming populations led to a high demand for housing, continually contributing to Riyadh's expansion. Seeing the opportunity for further real estate expansion, Sheikh Mohammed Bin Abdullah Bin Saedan then started to build outside the ancient walls of Riyadh. He is considered a pioneer in this endeavor.

The late Sheikh Abdullah Bin Saedan joined his father from childhood and learned the practice of real estate marketing from him until he started his own real estate business in the year 1934.

As the real estate business throughout Riyadh blossomed, with the accumulated experience, the Saedan family interest in developing real estate marketing opportunities increased and resulted in the creation of the Abdullah Bin Saedan Real Estate Office in 1974, the cornerstone of what would become the Abdullah Bin Saedan and Sons Group of Companies. To accommodate rising construction demands during this booming period, the newly developed branch offered a new concept in the sale of residential land: the opportunity to purchase residential land by means of an installment process. The Abdullah Mohammed bin Saedan Real Estate Office consequently took roots as an important and influential name in the real estate industry throughout the early development in Riyadh.

Rapid development in the Kingdom in the year 1993 as well as successive changes in the real estate market opened the way for the creation of the Abdullah bin Saedan and Sons Real Estate Company. Abdullah's sons, Led the company headed by the oldest Salman Abdullah bin Saedan, the company made use of strategic planning concepts to adopt newer standards yet holding on to established criteria and past experiences springing from a long family history of trust and credibility to form a solid foundation. Salman, supported by his younger brothers and his deputy, Waleed A. bin Saedan, continued to take the company headlong into the Kingdom's real estate market.

In 2005, Waleed A. Bin Saedan took over chief management responsibility for the company, out of which newer companies have been established as one grouping in order to serve various activities in different sectors under the umbrella of single leadership.

In order to cover the shortage of housing and the high demand for housing throughout Riyadh, the Saedan group established the Affordable House Company. This innovation in the housing market, characterized by home ownership suitable to income level, began to fill the gap, offering newer solutions for citizens to own their own homes.

Continuing with the process of innovation and responding to further growth in the housing sector, the Saedan family then introduced the idea of pre-cast home construction by means of the Saudi Asateer Company, which makes use of pre-cast technology together with its high standards.

Finally, the Saedan family takes pride in its long history of company development and in three of its most precious intangible assets: honesty, credibility, and integrity.
 
 
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