Subsidiaries & Affiliates

Established in May 2005 by MENA Real Estate with a capital of KD 25 million, Rasmala Holding focuses on managing and investing the company’s available liquidity across a range of diversified investment opportunities, ensuring optimal risk distribution and portfolio diversification.

In partnership with Gulf Finance House, MENA Real Estate founded Gulf Real Estate Development in April 2006 with a paid-up capital of SAR 150,000,000. The company is dedicated to developing real estate projects and capitalizing on lucrative investment opportunities in Saudi Arabia.

The company has successfully invested in several high-potential projects, including the development of Al-Safa Land in Al Ahsa, the Hajar Tower project in Makkah, and the acquisition of a 658,000 sqm land parcel near Makkah in collaboration with MENA Real Estate. Additionally, it has participated in various real estate ventures both within the Kingdom and internationally.

Capital Real Estate Projects was established in June 2005 as a closed Bahraini joint-stock company, licensed to provide a full spectrum of Sharia compliant real estate services and products in Bahrain and abroad. In 2007, the company increased its authorized capital from BHD 1 million to BHD 10 million.

Its investment strategy is centered on identifying and developing prime real estate opportunities within the Kingdom of Bahrain.

Founded in July 2011 as a subsidiary of MENA Real Estate, Adamena targets high-potential real estate projects in the Turkish market. MENA’s entry into Turkey was based on a comprehensive study of the real estate landscape and favorable economic indicators.

The company’s flagship developments in Sapanca include:

• Bahja Residential Project A premium villa community comprising 114 villas, successfully delivered to clients in 2013.
• Manzara Residential Project A luxury residential development featuring 56 villas, completed and delivered in 2015.

Adamena focuses on designing and developing villas that cater to client preferences, capitalizing on the growing demand in Turkey’s residential real estate sector.

MENA Economic & Administrative Consulting Company provides strategic advisory services across the Middle East and North Africa, helping governments, institutions, and private organizations achieve sustainable growth and operational excellence.

With deep expertise in economic policy, administrative reform, and corporate governance, our consultants deliver tailored solutions that drive efficiency, transparency, and measurable impact. We combine regional insights with global best practices to help clients navigate complex regulatory landscapes and optimize performance.

At MENA Consulting, we believe in building long-term partnerships based on trust, integrity, and results — empowering organizations to adapt, innovate, and thrive in a rapidly changing economic environment.