Investments

The projects undertaken by Ayyan Investment Company consolidate the Kingdom's position as a global industrial and investment destination according to a clear strategy.
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Summary of the company's activities

Establishing, managing, operating and maintaining various medical projects alone or jointly with other companies, organizations or individuals.
Owning, managing, operating and maintaining real estate and lands, establishing commercial and residential facilities on them, and investing them in buying, selling, and renting in cash or in installments.
Owning, investing, managing, operating and maintaining hotels, hospitals, health, educational, recreational and tourism facilities.
Establishing, managing, operating and maintaining cold stores, transportation fleets, maintenance and repair workshops, and fuel stations.
Wholesale and retail trade of what falls within the scope of the company’s industrial, agricultural, tourism and health activities and the export of the Kingdom’s various products to other countries
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Investment Distribution Summary

As on December 31, 2021
52%
Medical Investments
1%
Service Investments
15%
Industrial Investments
33%
Investments in securities and real estate

Geographical Distribution of Investments

As on December 31, 2021
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Medical Investments

Hospital management, operation and maintenance
Dispensaries, medical centers, wholesale and retail trade
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52%
Medical Investments

The company intends to expand in the health sector by acquiring distinct opportunities in the coming years

The company's strategy is focused on investing in the health sector, as the company's investments in this sector are as follows:
Al-Ahsa Medical Services Company

The company was established in 1997 with a capital of 150,000,000. The activity of Al-Ahsa Medical Services Company is the establishment, management, operation and maintenance of hospitals, dispensaries, medical centers, wholesale trade, pharmacies, retail and emergency clinics.

Al-Ahsa Hospital is a private hospital of advanced design that has the ability to expand in the future, taking into account the health care trends in the region and the increasing demand for high-quality services, with a well-equipped capacity, and a well-equipped capacity.

It is worth mentioning that it has reached Ahsa’s revenues for medical services during the year worth $251 million, in addition to the above, Ayyan Investment Company owns a controlling stake represents 96.3% of the company’s capital.

Al Salam Medical Services Company

The company was established in 2014 with a capital of 200,000,000. The company’s activity is to own Al Salam Medical Services Company (a hospital under construction) in the city of Al-Khobar, consisting of 11 floors and a capacity of 495 beds.

The hospital will be divided into two phases to reach the final capacity. The first phase will be the completion of construction works for the entire hospital building and the beds will be prepared with a capacity of 260 beds within the first 8th floor.

Moreover, the Extraordinary General Assembly, held on Sunday, February 02, 2020, approved increasing the capital of Ayan Investment Company from 490 million riyals to 737.3 million riyals in equity, as cash-to-equity shares.

It is worth noting that the hospital is still under construction and it is expected to open the hospital during the second quarter of 2022 AD. In addition to the above, Ayan Investment owns 100% of the company’s capital.

It is expected that the trial operation of the hospital will be completed by the end of the second quarter of 2022 AD, and the completion rate, according to the consultant’s report, at the end of February 2022 AD, was 93.83%.

Twareat Medical Care Company

The company’s capital is 5,277,000 riyals. The company’s activity is represented in medical marketing activities for treatment abroad, primary health centers, a general medical complex, medical operation for private and governmental hospitals, and other activities related to hospital activities. Ayyan Investment owns 25% of the company’s capital. It is worth noting that the revenues of the Tauraiyat Medical Care Company amounted to 111 million during the year.

Ayyan Company’s share of Twareat Medical Care profits amounted to 2.3 million riyals.

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Industrial Investments

Owning subsidiaries as well as investing in sister companies
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15%
Industrial Investments

Industrial investment includes owning subsidiaries as well as investing in sister companies

Al-Ahsa Food Industries Company (subsidiary)

The company was established in 1995 with a capital of 20,000,000. The activity of the company is the production of dates and their transformative derivatives, and the establishment of cold stores and leasing them to others.

The company achieved annual sales during the year 2021 with a total of 16,922,243 riyals. Ayyan Company owns 100% of the company’s capital.

Saudi Japanese Textile Manufacturing Company (subsidiary)

During the year 2020. The company was able to complete all documents and delete records related to the Saudi Japanese Textile Manufacturing Company. It is worth noting that the subsidiary company was excluded from the consolidated financial statements starting from the third quarter of the year 2020. Profits amounting to 3 million riyals were recorded, with no change in profits.

TAQA

TAQA was established in 2003 as a joint stock company with a capital of 5 billion riyals. It includes several subsidiaries, and its activities are mainly summarized in carrying out industries and services related to the petroleum, mineral, petrochemical, electrical, and water desalination industries. Ayyan Investment Company’s share is 1.4% of the company’s capital. TAQA continued its business, and no dividends were distributed during the year 2021.

Arapepco

The company was established in 1995, and the company is engaged in the production of paper rolls and cardboard, marketing of paper products, wholesale and retail trade in materials, tools, equipment and devices for the manufacture of paper, wholesale and retail, tech and paper retail. Ayyan’s share is 4.74% of the company’s capital, and during the year 2021, no dividends were distributed to shareholders. The market value on December 31, 2021 amounted to 19.8 million riyals.

Ibn Rushd (Arabian Industrial Fibers Company)

Ibn Rushd was established in 1993 with a capital of 2 billion riyals. The company’s complex is located in Yanbu and consists of three main sections. Each section represents a self-contained factory, bearing in mind that the three sections are complementary to each other. The investment is evaluated annually in accordance with International Accounting Standard No. 9. Ayyan’s share is 0.42% of the company’s capital.

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Service Investments

Multiple investments in different fields
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1%
Service Investments

Investment in service projects is one of the pillars of the company's revenues. Investment in service projects is as follows:

SGS

The company’s activity is represented in providing support services to airlines, maintaining primary light aircraft, and providing and training manpower in the field of ground services. Ayyan owns 5% of the company’s share capital.

During the year 2021 AD, and in light of the successive losses of SGS and its request for additional financing from the partners, and in order to avoid Ayyan Company bearing the consequences of continuing as a partner with a minority share, the Board decided to waive the share of the company.

Al-Ahsa Tourism Company

The company’s activity is the establishment, operation and management of tourism projects, recreational centers, establishment and operation of restaurants, hotels, rest houses and botanical gardens. A provision has been made for the entire investment value, estimated at 3.78 million riyals, and the investment is evaluated annually to comply with international accounting standards. Ayyan Investment owns 7,568% of the company’s capital.

Taaleem Investment Co. Ltd.

The company’s activity is to invest in educational projects, as it is currently investing in the development of one of the “Amiti” school buildings in Dubai. It is worth noting that the company distributed profits during the year 2021. Ayyan’s share of investment in it amounted to 1.8 million Saudi riyals.

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Investments in securities and real estate

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33%
Investments in securities and real estate

Real estate investment in lands and the company owns a portfolio of securities managed by a brokerage firm

Investing in the real estate sector

The real estate investment is represented in a group of lands in the city of Riyadh with a net value of 121.34 million riyals, after excluding impairment provisions.

The market value was assessed by an accredited valuer was 161.6 million riyals.

Investing in the stock sector

The company owns a portfolio of securities that are accounted for through comprehensive income. The value of the portfolio amounted to 57.6 million riyals when liquidated, and during the year 2020, the portfolio was converted to short-term and is treated through profit and loss. The portfolio achieved total realized and unrealized profits, including dividends, amounting to 14.3 million riyals.

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