Al Dammam Development
About Us
Al Dammam Development is a Saudi Closed Joint Stock Company, established in August 2003 with a share capital of SAR 100 million. Founded by a group of Saudi investors, the company specializes in real estate development and property management advisory across Saudi Arabia and the GCC.
Driven by the region’s rapid growth and increasing demand for real estate, Al Dammam Development aims to deliver high-value projects and sustainable returns. Recently, the company has expanded its focus to include diversified investments, setting its sights on international growth while continuing to provide quality services and contribute to social development.
OUR MISSION
Provision of state-of-the-art real estate
products and services based on the
company’s expertise in real estate
development and property management
in accordance with customers’
requirements.
Moreover, Al Dammam Development
Company strives to capture investment
opportunities that will economically and
socially benefit society and strengthen the
company’s investment portfolio in the
local and international markets.
OUR VISION
To create a multi-business investment portfolio that generates high returns on investments to the investors while exceeding the expectations and needs of our customers.
VALUES
We follow certain rules and values that are derived from the Arabic tradition, and the best new expertise applied locally and internationally on its performance of operations. Those rules and values are:
✓ Transparency, truth, and leniency in all business relations
✓ Quality and accuracy in work performance which matches the highest
available standards
✓ The efficiency and effectiveness of all performed works.
✓ Partnership with others.
✓ Work with the team spirit.
✓ Creativeness and innovation in all services provided.
✓ Open mind to other cultures.
✓ Accepting the opinions of others.
AL DAMMAM DEVELOPMENT
chairman’s message
The Kingdom of Saudi Arabia is experiencing an economic expansion in the real estate sector and general investments due to certain encouraging monetary conditions and the return of many local investments following some international political effects.
Al Dammam Development
CHAIRMAN’S MESSAGE
– Khalifa Ahmed Rashid Al Dossary
The growth of the Saudi economy has inspired Al Dammam Development Company, since its inception in 2003, to build strategic partnerships with major investors and strengthen its position in the market. Its investments and projects are carefully planned and executed in collaboration with leading GCC companies such as Jubail Development Company, Saudi Al Mushtaraka, Bait-Al-Maal Khaliji, REAL CAPITA and REEF in Bahrain, and Manazel Development Company in Kuwait.
The company continues to incorporate new ventures with strategic partners to diversify its investment portfolio and fulfill its long-term vision. What sets Al Dammam Development apart is its ability to operate efficiently under evolving market conditions while adhering to advanced technological standards.
Initially focused on stimulating private sector investment and supporting the national economy, the company now also emphasizes international expansion—achieving significant milestones that reflect its commitment to sustainable growth and a promising future.
AL DAMMAM DEVELOPMENT
Board of Director’s
Dammam Development Company’s board of directors guides the overall philosophy and direction of the organization and reflects the company’s global reach and perspective. The board members share the common objective of taking actions to generate innovative investment ideas and bring broad experience and skills to achieve this goal.
Khalifa Ahmed Rashid Al Dossary
Chairman
Mohammad Ahmed Rashid Al Dossary
Vice Chairman & CEO
Khalid Ahmed Rashid Al Dossary
Director
Abdulrahman Ali Abdulrahman AlDawood
Director
Nasser Ali Nasser Al Misnad
Director
AL DAMMAM DEVELOPMENT
Management
Al Dammam Development is a Saudi Closed Joint Stock Company which commenced its operations in August 2003 as a Real Estate Development Company. The share capital of the Company is SR 100 Million.
Mohammed Al Dossary
Chief Executive Officer
Ameen AlHashem
Oras Siam
Group Chief Financial Officer
AL DAMMAM DEVELOPMENT
Community Involvement
Considering its cultural and social responsibilities to the public, Al Dammam Development Company and its shareholders always support any activities that will strengthen the management and shareholders’ perception towards achieving their goal of serving the cities and countries where the Company operates.
The Company’s shareholders, for instance, feel honored for the continuous support to Qafelah AlKhair. The shareholders are among the golden sponsors of this organization. Moreover, the Company supported the Eastern Province Rehabilitation Society for Disabled Persons (Price Sultan Rehabilitation Complex).
Real Estate Investments | Luxury Properties
info@dammamdev.com.sa
Office
6512 3121 Prince Mohammed Bin Fahd Road, Ash Shati Al Gharbi, Dammam 32413, Saudi Arabia
Phone Number
+966 13 831 6711
Business Hours
8:30 AM to 4:30 PM
Do you need some help?
We’re here to assist you with any questions or information you need. Whether it’s about our properties, services, or partnership opportunities, feel free to reach out—our team is always ready to help you find the right solution.