Public Warehousing Company (Public Warehousing), which will be listed on the Nomu-Parallel Market, owns stakes in three associate and affiliated companies for a total value of SAR 9.41 million.

 

These three companies are Warehousing Projects and Logistics which operates warehouses in five regions across the Kingdom; Malem Al-Khaleej Real Estate Co. - Bahrain which operates warehouses in the Bahrain Logistics Zone (BLZ); and Mesahat for Warehousing Projects and Logistics Co. which owns a 99 percent stake in Warehousing and Storage Solutions Oman.

 

Public Warehousing, which has its headquarters in Al Khobar, is engaged in setting up and operating warehouses near airport, ports and highways.

 

Public Warehouses’ Affiliates

Company

 

City

Capital

(SAR ‘000)

Stake

Investment Value

Date of establishing

Status

WPL

 

Al Khobar

500

50%

250

March 28, 2010

Active

Malem Al-Khaleej Real Estate Co. - Bahrain

 

Bahrain

30,000

29.87%

8,961

June 24, 2014

Active

Mesahat for Warehousing Projects and Logistics Co.

 

Bahrain

200

99%

198

August 18, 2015

Active

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