FINANCIAL POLICY


It is our strategic approach to accept only projects that does not go beyond our financial capabilities. To circumvent from the adversity, we opt to consolidate with other companies as a joint venture or as a subcontractor. Our company stands proud and confident with the help of our financial partner – THE NATIONAL COMMERCIAL BANK.

All financial data is stated in Saudi Riyals. Al Baraka Construction Co. Ltd. will comply with bonding requirement for:

  1. Advanced payment bond
  2. Performance bond

Monetary value of contracts is to be undertaken competitively, and a performance bond can be obtained from our bankers if required.

Type of Ownership: Limited Liability
Auditors: (to whom it reference can be made over last 5 years) 2012
Omar S. Saaty
Certified Public Accountant
Sitheen Street, Jeddah
Authorized Capital: 2 million Saudi Riyals
Issued and Paid-up Capital: 2 million Saudi Riyals