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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