The business began with Authorized Share Capital of 4 Billion Saudi Riyals divided into 400 million shares, at a nominal value of SR 10 per share. The company's business is characterized by its investments in shares, through trading in the local and international financial markets, as well as owning land and real estate for construction, development and investment through selling and leasing for t
he company’s benefit. Manafea Holding Company also establishes, manages, operates and maintains hotels, furnished apartments, resorts, commercial and office centers, as well as undertaking construction and contracting work. The company enjoys a strong financial position with a history of diversification and development into multiple trading activities. This dates back over 60 years to a single establishment owned by Sheikh Mohammed bin Abdulaziz Bin Saleh Al-Rajhi. On his way to becoming a self-made man, Sheikh Mohammad began working at an early age in banking, commerce, real estate and industrial business. He grew in stature to become notable in financial circles as a businessman at the local and international level. Manafea Holding Company was established through a re-structuring of the business and investment activities of the Sheikh.
