ABOUT US
RIKAZ, a heritage-rich, large-scale Real Estate Developer, we are driven by a commitment to building excellence in projects and fostering thriving communities. Through partnerships and a dedication to stakeholder value, we aim to create a lasting impact. Our ethos reflects in the development of unique, attractive, innovative, and sustainable built environments that empower communities, generate consistent returns for investors, deliver increased value to clients, and provide employees with professional growth opportunities.
SINCE 1997
Second Project
Third Initiative
Second Project
Third Initiative
Second Project
Third Initiative
Second Project
Third Initiative
Extension Plan
Extension Plan
Extension Plan
Extension Plan
Factory Launch
Factory Launch
Factory Launch
Factory Launch
Factory Launch
Factory Launch
Factory Launch
Factory Launch
Factory Launch
Factory Launch
VISION
Developing unique built environments—whether homes, offices, schools, shopping centers, or hotels that serve as a foundation for community growth and prosperity. We are a partner in success and believe in mutual benefit for our shareholders, customers, and the nation.
MISSION
Creating attractive, innovative, and sustainable real estate development projects that enhance the spirit of the community. We aim to achieve consistent, risk-adjusted returns on investment for our shareholders, value for customers, and professional growth opportunities for employees.
Arabian Property Awards 2023-2024 Five Stars – Best Development Marketing (The Node)
Arabian Property Awards 2020-2021 Five Stars – Best Retail Development (Arkaziya Mall
Arabian Property Awards 2014-2015 Five Stars – Best Mixed-Use Development (Al-Qanadeel-Mecca)
Arabian Property Awards 2015-2016 Five Stars – Best Mixed-Use Development (Downtown RIKAZ – Al-Khobar)
Arabian Property Awards 2015-2016 Five Stars – Best Development Marketing (Al Qanadeel – Mecca AlMukarrama)
Arabian Business Awards 2016 Residential Company of the Year
AND MORE AWARDS
Founder of Maskani RE Educational Program
Cityscape Architecture Award
M.E. Advertising Sward Award
Proud Sponsor of First TV Program in Real Estate in CNBC Arabia
Restatex Al-Sharqiya 2015 Best Real Estate Marketer in Eastern Province
KSA Enterprise Agility Awards 2015 Project of the Year – Entrepreneur of the Year (Downtown RIKAZ)
MIPIM Award Best Overall Design
MIPIM Award Best in Master-Planned Communities
Chairman & CEO's Message
We are part of this nation and believe in the Kingdom’s potential.
At RIKAZ, we don’t just develop real estate—we create homes for families, offices that fuel businesses, and entertainment venues that offer experiences. Since 1997, we’ve laid the foundations for a vibrant society, a thriving economy, and an ambitious nation, in line with Vision 2030.
I’m privileged to work with a talented, creative, and quality-driven team. Our goal is to develop standout projects in design, functionality, and cost—ultimately building better lives for our communities.
Beyond construction, we add social, economic, and environmental value to the communities we serve. This is our commitment to the future of our country, and we are proud to be RIKAZ.
Board of Directors
CHAIRMAN
Khalid bin Hassan Al-Qahtani
- 20+ years real estate and management experience.
- Recognized industry leader and innovator.
- Extensive track record of delivering profitable, world-class projects.
VICE-CHAIRMAN
Abdul Mohsin bin Hassan Al-Qahtani
- 20+ years of management experience.
- Active leadership history across multiple sectors.
- Success in driving business growth.
VICE-CHAIRMAN
Mohammed Salem Al-Rassam
- 35+ years of diverse industry experience. Strong decision maker and strategist.
- Track record of effective stewardship.
BOARD MEMBER
Abdul Aziz Jaber Mohammed
- 35+ years of finance experience.
- Expert in financial planning, controls, accounting and audit.