Knowledge Economic City Company has been founded as a Saudi Arabian joint stock company under the Ministry of Trade and Industry Decision No. 256/ق dated 15/08/1431 AH corresponding to 07/27/2010 AD.

On 30/05/2010, the Company completed its initial public offering equivalent to amount of 1,020 million Saudi Riyal of its shares in the Saudi Stock Market, with the nominal value of 10 Saudi Riyal per share. The underwriting in the public offering of the shares started on 24/05/2011 AD, where there were (1,97) million underwriters covering 172.6% of the public offering of the Company of (102) million shares. The Capital Market Authority issued its approval on the final allocation ratios depending on a number of underwriters. Its minimum limit was identified as (50) shares for each underwriter. The Company held its statutory assembly on 17/07/1431 AH, corresponding to 06/29/2010 AD, during which (the underwriting of the entire capital of more than 3.39 billion Saudi Riyal was verified, and the value of in-kind contributions in the same capital amounting to one billion Saudi Riyal (10 Saudi Riyal per share) was approved). This was the contribution of King Abdullah Bin Abdul-Aziz Foundation for Development Housing Dedicated to His Parents in the capital of the Company. In addition, the first firm to audit the company accounts was approved. The articles of association and the founders’ report related to the Company’s foundation expenses were also approved. The first Board of Directors was appointed during this meeting for the next five years, which consists of (11) members. The Company’s shares trading began in the Saudi Stock Market (TADAWUL) on Monday, 28/08/1431H, corresponding to 09/08/2010 AD within real estate development sector having the code (4310).

The main activity of the company in accordance with its articles of association is the development of the reclaimed property and other land in the economic cities and elsewhere including infrastructure, telecommunications and internet networks, water and electricity networks, water treatment plants and other works related to the development of the economic cities. Its activities also include the creation, operations and management of Knowledge based educational projects, the development of software, scientific research centers, universities, colleges, institutes, academies, providing telecommunication and internet network services, centers of information, education and training services, infrastructure networks services, public utilities and other services to facilitate the Knowledge industry and support services. In addition, the activities of the company include marketing and selling real estate properties, buildings and land for development or for ownership of others, and managing housing services, tourist projects, resorts, hotels and furnished apartments and a number of other activities.