Signed the agreement yesterday, the first Saudi-Egyptian alliance real estate for the establishment of more than 1200 units Residential distinct in each of the city of Jeddah, Makkah, Riyadh, and at the headquarters of the partner Saudi Arabia in Jeddah.

Like the Saudi side group Saleh Bin Hamad al-Latif trade representative in Saudi Arabia Chairman Saleh Bin Hamad Al-Latif Al Mahmudiyah and General Contracting And real estate investments ", owned by the Egyptian Awqaf Authority", which is represented by Mohamed Rabat Ahmed, Chairman and Managing Director.

The company Mahmudiya chip companies in the construction industry in Egypt, and a range Saleh Bin Hamad al-Latif of the companies operating in the area of real estate investment and construction And have many commercial activities inside and outside the Kingdom.

The target company Mahmudiya through participation with a gentle person to play a role effective and positive role in the big construction boom in Saudi Arabia and at all levels And activities in the field of contracting and real estate investment and participation as well as with a slave Latif in the developmentand implementation of some real estate projects such as the creation of more than 1200 units Exclusive housing in the cities of Jeddah and Makkah and Riyadh.

The target company Mahmudiya Saudi market as the market is on the verge of building movement
Large, based on the studies and the lack of housing supply with the increase and high demand for
Housing.

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Source: General Administration Dated: 29/01/2011

The Group has signed, through its representative Saleh Bin Hamad Al-Abdullatif, an agreement with the Human Resources Development Fund to train and employ Saudi youth. On behalf of the group, Sheikh Saleh Bin Hamad Al-Abdullatif signed an agreement with the Human Resources Development Fund in Jeddah, to train and employ Saudi youth.

Such step comes as a prelude to the signing of similar agreements with the Fund to provide various Saudi jobs in more than 45 branches stretching her group's activities. This was stated by Group Director, Mr. Abdullah bin Jafar Al-Haddad, as he said: "What the group of rehabilitation and employment of Saudi youth does contributes to supporting economic development. Then, both of them said with interest in Saudization and functions settlement in the group and property of the value of national economic, "We are focusing on the importance of providing career opportunities in the group as the group considers itself responsible for creation of job opportunities for the youth of the nation.

The Director of Human Resources Mr. Raed Abdel Rahman explained that the continued expansion of the Group's activities in the Kingdom of Saudi Arabia and the region in general, has created many job opportunities in different branches of the various groups activities, and stressed that the Fund offers and premium services must be aimed at supporting and activating the Saudization programs in companies and private sector institutions.

Source: General Administration Dated: 26/06/2010