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Al-Nahla Technology, the controlling shareholder of Smile, is owned by the Al-Nahla Group which is a conglomerate family business. The company was established by the late Sheikh Hassan Abbas Sharbatly, a pioneer in the early economic development of the modern Kingdom of Saudi Arabia and one of the most respected businessmen in the history of Saudi Arabia. Al-Nahla is one of the largest landowners in the Kingdom of Saudi Arabia, owning 50 million square metres of land across the Kingdom. It is engaged in the wholesaling, development and rental of properties across major cities such as Riyadh, Jeddah, Makkah, Madinah, Al-Khobar and Dammam.
Al-Nahla is a major shareholder in Riyadh Bank, the second largest listed entity in Saudi Arabia and is represented on its board of directors. It is also a key shareholder of Etihad Atheeb, the second fixed line operator in Saudi Arabia. Samaco Group, established in 1976 and later incorporated into Al-Nahla, is a subsidiary company with four operating divisions in automotive, marine, toys and construction. It is an exclusive agent of Porsche, Audi and VW cars. A sister company, Fast Autotechnic, is the exclusive agent for Ferrari and Maserati cars. Samaco is also the sole distributor for leading leisure cruisers and yachts and has built two fully-operational marinas on the Red Sea coast. Samaco Construction is a reputable independent contractor in the area of construction, project management and maintenance. Al-Nahla and its partners are strategic investors in regional companies outside Saudi Arabia which include: Golden Pyramid Plaza Company, Egypt, a City Starts project which is the largest fully-integrated residential, commercial, leisure, hotel and shopping mall complex in the MENA region; Investcorp, a leading private equity and direct investments institution in Bahrain; and Regional Capital Finance Holding, a growing consumer finance company in Beirut and Lebanon. Other activities in Dubai and the UAE comprise: First Group Trading, an innovative real estate development company; Abraaj Capital, a leading private equity and direct investments institution and Evolvence Capital, a leading alternative investment manager in the region. Atheeb Trading Co. owned by the Atheeb Group, is a conglomerate established in 1985. The company is a wholly owned Saudi Arabian company, operating across the Middle East and in the wider region. The Atheeb Group, comprising fourteen companies with over 10,000 employees are involved in a wide range of activities, products and services. These include ICT, industrial construction, transportation, financial services and real estate. Some of Atheeb's activities include:
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