





The company’s capital amounts to 40 million Saudi Riyals. Its activities include medical marketing for treatment abroad, the operation of primary health centers, a general medical complex, the medical management of private and governmental hospitals, and other hospital-related services.
Ayyan Investment Company holds a significant stake representing 25% of the capital of Tawariyat Medical Care Company.
It is worth noting that Tawariyat Medical Care Company’s revenues during the year amounted to 191.8 million Saudi Riyals.
As part of its efforts to encourage and motivate affiliated companies to list their shares on the financial market whenever possible—given the positive impact on shareholders’ rights and the company’s financial position—Ayyan Investment Company announced on 06/09/1446 AH (corresponding to 12/10/2024 AD) that Tawariyat Medical Care Company had obtained the Capital Market Authority’s approval to register its shares for direct listing on the parallel market.
The company’s activities are primarily focused on the hospital sector, with a capital of 1,015,747,690 Saudi Riyals.
It manages its hospitals and provides medical services through outpatient clinics, specialized clinics, and inpatient departments.
In addition to its core activities, the company is also engaged in other areas, including the manufacturing, distribution, and trading of pharmaceuticals, the management and operation of hospitals, specialized support services in hospital and medical center maintenance, and other healthcare investments across the Middle East region, where the company invests in several healthcare companies.
Ayyan Investment Company owns a 3.83% stake in the capital of Dallah Healthcare Company.




The company was established in 1416 AH with a capital of 20 million Saudi Riyals.
The company’s activities include the production of dates and their derivative products, as well as the establishment and leasing of cold storage facilities.
During 2024, the company achieved total annual sales of 15.4 million Saudi Riyals.
Ayyan Investment Company owns 100% of the company’s capital.
Taqa Company was established in 2003 as a joint-stock company with a capital of 7.2 billion Saudi Riyals.
The company includes several subsidiaries, and its main activities focus on industries and services related to the petroleum, mineral, petrochemical, and electrical industries, as well as water desalination, either directly or through the establishment of specialized subsidiaries.
Ayyan Investment Company holds a 0.95% stake in Taqa’s capital.
Taqa continued its operations during the year, and in 2024, dividend distributions amounting to 2 million Saudi Riyals were recognized from Taqa.
The company was established in 1416 AH as a joint-stock company, with a capital of 450 million Saudi Riyals.
The company operates in the production of paper and cardboard rolls, the marketing of paper products, and wholesale and retail trade in materials, tools, equipment, and devices related to the paper industry, in addition to providing commercial services and trading in paper, cardboard, plastic, and rubber.
In 2024, an acquisition agreement was signed between the Arab Paper Manufacturing Company (Waraq) and the Materials Recycling Company for Environmental Services (owned by the Public Investment Fund). The transaction involved the Materials Recycling Company acquiring 10% of the existing shareholders’ stake in Waraq, in addition to Waraq issuing new shares to increase its capital, resulting in the Materials Recycling Company owning 35% of Waraq’s capital.
Ayyan Investment Company owned 2,134,350 shares, representing 4.7% of the capital of Waraq prior to the execution of the sale transaction.
A total of 693,666 shares were sold for an aggregate value of 17,230,663 Saudi Riyals. After the completion of the sale, Ayyan Investment Company retained 1,440,684 shares, representing 2.31% of Waraq’s capital following the transaction and the capital increase.
The book value recorded in Ayyan Investment Company’s accounts for the total investment amounted to 17,100,507 Saudi Riyals as of December 31, 2023, while the book value of the sold shares (693,666 shares) was 5,557,682 Saudi Riyals as of the same date.
Based on the selling price of 24.84 Saudi Riyals per share, the market value of Ayyan’s remaining shares in Waraq is approximately 35,786,590 Saudi Riyals, representing 2.31% of the company’s capital.
During 2024, no dividend distributions were received from the Arab Paper Manufacturing Company (Waraq).
The Arab Company for the Manufacture of Synthetic Fibers was established in 1993 with a capital of 2 billion Saudi Riyals. The company’s complex is located in the city of Yanbu and consists of three main divisions, each functioning as an independent plant, while complementing one another operationally.
A full provision has been made for the entire value of the investment, and the investment is evaluated annually in accordance with International Accounting Standard (IAS) 9.
Ayyan Investment Company holds a 0.42% stake in the company’s capital.
It is also noted that no dividend distributions were received during 2024.




The AHSANA Company’s activities are in the establishment, operation and management of tourism projects and entertainment centers, and the establishment and operation of restaurants, hotels, rest-houses and botanical gardens. The investment is evaluated annually to comply with international accounting standards. Ayyan Investment Company’s share is 7.5% of Company’s capital; and no dividends were received during the year 2024.




The Real Estate investment in a group of lands in the city of Riyadh has a Net Value of SR. 121.34 million, after excluding impairment provisions.
Rawasi Al Khaleej Real Estate Company was established in 2024 as a simplified joint-stock company as part of the acquisition deal between the Arab Paper Manufacturing Company and the Materials Recycling Company for Environmental Services (owned by the Public Investment Fund), by excluding the real estate investment owned by the Arab Paper Manufacturing Company from the transaction.
Accordingly, Rawasi Al Khaleej Real Estate Company was established with the aim of updating the real estate deeds (five deeds in Dammam), selling or developing them, and distributing the proceeds to the shareholders according to their ownership percentages.
One of these deeds has been updated and transferred, while the value of the remaining four deeds is still under legal procedures.
During 2024, the fair value of Ayyan Investment Company’s 4.7% stake in Rawasi Al Khaleej Real Estate Company amounted to 4.5 million Saudi Riyals.
