Artificial Intelligence
Builders Company
R
RAFALRiyadh, Saudi Arabia · founded late 2007 · 1 active markets
PRIVATE

Rafal develops residential communities, serviced apartments, hotels, commercial properties, and mixed-use destinations in Saudi Arabia, primarily Riyadh. Its customers include homeowners, investors, residents, business and leisure travelers, and institutional partners seeking integrated urban living, hospitality, investment opportunities, and sustainable value.

Years in business
19
founded late 2007
LinkedIn headcount
158 people
employees, as shown on LinkedIn · size band 51–200
Portfolio value
SAR 12 billion gross development value
March 4, 2024
Units delivered
more than 3,500 homes
as the company states it
Projects last researched October 8, 2026
Every figure on this card was read out of a document.

Overview

Investor tear sheet

a summary of the tabs that follow · no rating of our own

Company dossier

Legal name
RAFAL Real Estate Development Co.1
Headquarters
King Fahad Road1, Riyadh1, Saudi Arabia
Founded
late 20071
Entity type
PRIVATE1
Business model
offplan for sale1, build to rent1, commercial1, mixed use1, masterplan1
Markets
1 market listed
What they build
Hotel residences (1 of 2) · Hotel (1 of 2)
Full dossier in About →

Delivery record

2 date-assessed of 2 projects
Unverified by developer

AI-researched delivery record, not yet confirmed by the developer. Dates may be approximate; original sources are linked.

Completed projects from 2016-10-15 through 2026-10-15, with sufficient delivery-date evidence. Date assessment and developer profile verification do not mean an independent audit of every source. Original source links and available snippets are provided. May not represent the developer’s full portfolio. 0 undated and 0 boundary-uncertain completions are excluded. Delivery exceptions are listed separately under Projects.
Completed projects assessed
2
within the rolling ten-year window
Median delay
+14.8 mo
the middle of 2 scored projects
Average delay
+14.8 mo
the same projects, pulled by the worst
Average time to deliver
—
2 delivered projects with a dated start — needs 3
Worst slip
+17.5 mo
Rafal Residence · +16.0 to +19.0
0
early or less than 6 months late
6 to 12 months late
1
yellow rows below
Over 12 months late
1
red rows below

Against other developers

2 date-assessed projects here
Not enough info yet.
Projects and timelines in Track Record →

Resident experience

2 of 2 buildings rated · scale 1–10

AI research over published reviews and resident comments. Scores are a model’s reading of opinion, not figures stated on a page, and nothing here feeds any number above it. The links under each block are the pages that research says it used. Based on available resident reviews of covered buildings. These are reported experiences, not independent building inspections, and may not represent all residents or properties.

Overall verdict
7.3/ 10
Weighted judgment across build and operations · from 2 of 2 rated buildings
Little structure evidence (0 of 2 buildings) — this rests mainly on whole-building and living reviews.
Structure & systems
—/ 10
Fabric, services, waterproofing, envelope · from 0 of 2 rated buildings
Management & living
6.2/ 10
Upkeep, response times, amenities, community · from 2 of 2 rated buildings

Against other developers

not enough rated buildings yet
Not enough rated buildings in Saudi Arabia yet to compare against.
Ratings by building →

Awards & recognition

  • PROJECT AWARD Winner 29 September 2016 (ceremony); reported 5 October 2016
    Saudi Arabia’s Leading Hotel · Burj Rafal Hotel Kempinski
    Burj Rafal Hotel Kempinski won Saudi Arabia’s Leading Hotel at the 2016 World Travel Awards; RAFAL’s account identifies Burj RAFAL and its CEO in connection with the two awards presented at the ceremony.
  • PROJECT AWARD Winner 29 September 2016 (ceremony); reported 5 October 2016
    Saudi Arabia’s Leading Hotel Residences · Burj Rafal Hotel Kempinski
    Burj Rafal Hotel Kempinski won Saudi Arabia’s Leading Hotel Residences at the 2016 World Travel Awards; RAFAL reports that Burj RAFAL received this award at the ceremony.
  • PROJECT AWARD Winner 2017; reported 5 November 2017
    Saudi Arabia’s Leading Hotel Residences · Burj Rafal Hotel Kempinski Riyadh
    Burj Rafal Hotel Kempinski Riyadh was the winner of Saudi Arabia’s Leading Hotel Residences 2017; a contemporaneous RAFAL company post described the project as having won the award and said the company was proud to receive it.
  • 2 more in Awards
All awards →

Risks & source coverage

  • DELIVERY DELAY Commitments published 2015–2016; completion recorded in 2026 Rafal Real Estate Development’s Riyadh Rafal Living project (also identified as Sky Gardens by Rafal/Rafal Living Tower) was advertised for delivery in Q4 2017 and fully completed by early 2018, but an independent building record reports completion only in 2026; this is a documented historical delay, not an indication that the project remained incomplete as of 2026-10-08.
Record status
active
Company sources
58 source entries across 58 fields
Projects tracked
2 · 2 completed in assessment
All flags and sources →

Track Record

Delivery record

2 date-assessed of 2 projects
Unverified by developer

AI-researched delivery record, not yet confirmed by the developer. Dates may be approximate; original sources are linked.

Completed projects from 2016-10-15 through 2026-10-15, with sufficient delivery-date evidence. Date assessment and developer profile verification do not mean an independent audit of every source. Original source links and available snippets are provided. May not represent the developer’s full portfolio. 0 undated and 0 boundary-uncertain completions are excluded. Delivery exceptions are listed separately under Projects.
Completed projects assessed
2
within the rolling ten-year window
Median delay
+14.8 mo
the middle of 2 scored projects
Average delay
+14.8 mo
the same projects, pulled by the worst
Average time to deliver
—
2 delivered projects with a dated start — needs 3
Worst slip
+17.5 mo
Rafal Residence · +16.0 to +19.0
0
early or less than 6 months late
6 to 12 months late
1
yellow rows below
Over 12 months late
1
red rows below

Against other developers

2 date-assessed projects here
Not enough info yet.

Construction start to handover

2 of 2 projects dated · 1 place
Based on covered projects with documented construction or launch dates and available handover dates. Timelines vary by project and may not represent the developer’s full portfolio.
Construction start, or the launchTarget completion (window)Completion or handover, as reportedCurrently statedLaunch year only, no date publishedEarly or ≤6 mo lateOver 6–12 mo lateOver 12 mo lateStalled
Riyadh, Saudi Arabia
201320142015201620172018201920202021202220232024202520262027todayRIYADH, SAUDI ARABIA+17.5 moverified+12 moverified
Click a row in the chart to open a project, or a table row below to see its sources. The chart runs wider than the page where the record spans many years — scroll it sideways to follow a project to its handover. Every date we have is drawn. A hollow marker is only a launch year, not a date anyone published. No dates published means we looked and found none; dates not yet checked means we have not looked yet. Handing over is not finished — rows say which. A delay is shown when one source gives the promised date and another gives the real one, however rough: "2019" still counts, and the row shows how wide that is. Projects missing one of the two dates, or with sources that disagree, are left out of the figures.

Building & Livability Ratings

Resident experience

2 of 2 buildings rated · scale 1–10

AI research over published reviews and resident comments. Scores are a model’s reading of opinion, not figures stated on a page, and nothing here feeds any number above it. The links under each block are the pages that research says it used. Based on available resident reviews of covered buildings. These are reported experiences, not independent building inspections, and may not represent all residents or properties.

Overall verdict
7.3/ 10
Weighted judgment across build and operations · from 2 of 2 rated buildings
Little structure evidence (0 of 2 buildings) — this rests mainly on whole-building and living reviews.
Structure & systems
—/ 10
Fabric, services, waterproofing, envelope · from 0 of 2 rated buildings
Management & living
6.2/ 10
Upkeep, response times, amenities, community · from 2 of 2 rated buildings

Against other developers

not enough rated buildings yet
Not enough rated buildings in Saudi Arabia yet to compare against.

By building

2 rated · 0 not rated · scale 1–10
ProjectOverallStructure & systemsManagement & living
Rafal ResidenceOlaya, Riyadh172 units
7.4/ 10
—/ 10
6.4/ 10
Booking.com 8.3/10, 8.5/10, 8.3/10, 7.3/10, 8.2/10 · 950 reviews · booking.com
Combined from 5 published figures on 1 platform, weighted by review count, adjusted for where resident ratings usually fall and weighted toward the 6.5 midpoint where reviews are few: 6.4.

The largest published review base is Discover ASR/ReviewPro’s guest aggregate of 4.3/5 from 5,034 reviews, converted to 7.9/10 using the requested curve. Booking.com provides a materially lower guest result and the written feedback contains several recurring moderate operational complaints, so the resident-experience score is reduced to 7.4; no independent structural rating was published.

+ Well-maintained overall+ Prompt repair reported+ Modern apartment fit-out+ Swimming-pool facilities+ On-site building services
− Poor sound insulation− Persistent bathroom odour− Old bathroom finishes− Old or untidy sofas− Occasional appliance leaks
+ Helpful staff+ Responsive reception+ Spacious apartments+ Convenient location+ Gym and pools
− Noise and weak soundproofing− Uneven housekeeping− Slow front desk− Late laundry− Pool maintenance interruptions

Published guest feedback contains limited physical-condition evidence rather than an engineering inspection. One reviewer said the property was “well maintained”; another reported that a dishwasher or washing machine “leaked one day” but was repaired “in no time,” while separate reviews mentioned “Poor sound insulation,” an odour that remained in the washroom, and old-looking sofas.

The daily experience is generally described as comfortable and service-oriented: guests praised “supportive staff, responsive receptionists,” “very clean” rooms, spacious layouts and the location. Operational complaints were repeated around noise, variable cleaning and delays; one reviewer said the ladies’ pool was “always under maintenance,” and another said the front desk was “too slow to process check in.”

MarvelaKing Faisal, Riyadh594 units
7.1/ 10
—/ 10
5.9/ 10
Google Reviews/Maps 3.5/5 · 18 reviews · exa.ai
Google Reviews/Maps publishes 3.5/5 from 18 reviews. Adjusted for where resident ratings usually fall, and weighted toward the 6.5 midpoint (more strongly the fewer the reviews), that gives 5.9.

The 4.3/5 Google aggregate based on 552 reviews sets the level and converts to 7.0/10 under the supplied curve. The score is kept just below that anchor because older resident reviews repeatedly report management, amenity and maintenance problems, although recurring praise and more recent positive reviews offset part of that reduction; structure is not separately scored because no published structural rating was found.

+ Well-designed compound+ Modern units+ Good apartment sizes+ Nice views+ Maintenance reported fine by one reviewer
− Cracked exterior reported− Damaged walls and chipped corridors− Poor apartment condition reported− Pool heating reportedly failed− Long-running amenity maintenance
+ Green surroundings+ Family-friendly setting+ Helpful staff+ Health club and gyms+ Community events
− Slow or missed management commitments− Cancelled services− Crowded amenities− Parking and access friction− Security/gate complaints

Published resident feedback includes a specific physical-condition report of “cracked exteriors,” chipped corridor corners, damaged walls, and apartments with damaged flooring and fixtures. Other reviews call the units modern and clean, while also reporting that pool heating did not work and that facilities were closed for extended maintenance; these are resident observations, not an engineering inspection. The evidence is mostly from 2019–2022, so current physical condition remains uncertain as of 2026-10-08.

Recent published Google-linked reviews are strongly positive about daily life, describing “lush greenery,” clean paths, friendly security and professional leasing staff; one says the team is “always ready to assist.” Older resident feedback is materially less consistent: reviewers reported “no response to any request,” cancelled school-bus services, crowded facilities and uncooperative maintenance, while a 2026 gate review says staff damaged a car and did not respond to complaints. The current position is therefore positive in the large aggregate but operationally mixed, with the older negative evidence and newer gate complaints preventing high confidence.

Only buildings that have reached handover are rated. 0 of 2 projects carry no rating: a building still under construction is never asked about, one that has just been handed over may not have been reached yet, and the rest were asked about and no published resident commentary was found. Structure is fixed at handover and stays the developer's; management and living belongs to whoever runs the building now. The overall verdict weights both rather than averaging them. None of this is checked: a rating is what people published about a building, aggregated — it is not evidence, it cannot move a delay figure, and it is not part of the delivery record above.

About

Company dossier

Legal name
RAFAL Real Estate Development Co.
Headquarters
King Fahad Road, Riyadh, Saudi Arabia
Almohammadeyyah District · 11547
Founded
late 2007
Riyadh, Saudi Arabia
Entity type
PRIVATE
Revenue
USD 25 million
2025
Business model
offplan for sale, build to rent, commercial, mixed use, masterplan

Partners

12 partners
Lafana Holding Company
joint venture

Named as one of the companies forming Rafal.

A. K. Al Muhaidib & Sons Group
joint venture

Named as one of the business groups owning Rafal.

Arabian Tawazon for Commercial Investment Ltd.
joint venture

Named as one of the business groups owning Rafal.

CITIC Construction
joint venture

Rafal’s JV partner for an industrial complex and integrated housing supply chain in Riyadh.

National Housing Company
government partner

Provides strategic location and a land block bank serving 20,000 homes for the JV’s first phase.

The Ascott Limited
operator

Services RAFAL Residence and operates Ascott RAFAL Olaya Riyadh.

Dubai Contracting Company
contractor

Participated as regional partner and is described as an ongoing partner from Burj Rafal through Rafal Living.

Saudi British Bank
funder

Its corporate banking head attended the RAFAL Residence partnership launch.

Kempinski
operator

Manages and services the Rafal Living residential villas project.

Al Bilad Capital
funder

Partner in the SPV established to develop Rafal Living by Kempinski.

Zahran Holding Company
joint venture

Partner in the SPV established to develop Rafal Living by Kempinski.

Rove Hotels
operator

Strategic partner to develop multiple Rove hotels in Riyadh, starting on Olaya Street.

Sources: partners

PRESSdate not shown in source

Partnership source

linkedin.com
Founded in 2007 in Riyadh, Rafal is a joint venture between strong leadership companies in the kingdom,Lafana Holding Company, Abdulkadir Al Muhaidib & Sons Group, and Tawazon Investment Company L.L.C.
value seen: Lafana Holding Company
https://linkedin.com/company/rafal-real-estate-development-co

Sources: partners

COMPANYdate not shown in source

Partnership source

rafal.com.sa
RAFAL is owned by leading business groups in KSA, namely, Lafana, A. K. Al Muhaidib & Sons Group and Arabian Tawazon for Commercial Investment Ltd., KSA.
value seen: A. K. Al Muhaidib & Sons Group
https://rafal.com.sa/en/about-rafal/our-story/

Sources: partners

PRESSdate not shown in source

Partnership source

zahranholding.com
SPV established for developing Rafal Living by Kempinski
value seen: Zahran Holding Company
held out of the figures · the quote does not carry this value
https://www.zahranholding.com/en/spv-established-for-developing-rafal-living-by-kempinski/

Sources: partners

PRESSdate not shown in source

Partnership source

rovehotels.com
Under the agreement, the partners will bring Rove’s well-loved lifestyle concept to key, high-growth locations across Riyadh, with the first opening location set to be on Olaya Street.
value seen: Rove Hotels
held out of the figures · the quote does not carry this value
https://www.rovehotels.com/en/blog/rove-hotels-olaya-riyadh/

Sources: partners

COMPANYdate not shown in source

Partnership source

rafal.com.sa
RAFAL is owned by leading business groups in KSA, namely, Lafana, A. K. Al Muhaidib & Sons Group and Arabian Tawazon for Commercial Investment Ltd., KSA.
value seen: Arabian Tawazon for Commercial Investment Ltd.
https://rafal.com.sa/en/about-rafal/our-story/

Sources: partners

COMPANYdate not shown in source

Partnership source

rafal.com.sa
Saudi-based Rafal Real Estate Development has announced that its joint venture with Citic Construction, a subsidiary of China’s state-owned conglomerate Citic group, has reached an agreement with National Housing Company for the construction of an industrial complex in Riyadh.
value seen: CITIC Construction
https://rafal.com.sa/en/news-updates/press-releases/rafal-citic-jv-to-set-up-3-2bn-industrial-complex-in-riyadh/

Sources: partners

COMPANYdate not shown in source

Partnership source

rafal.com.sa
As per the deal, Saudi National Housing Company will extend its support to the JV by providing a strategic location for the facilities serving the newly-planned masterplans in the North-East of Riyadh.
value seen: National Housing Company
https://rafal.com.sa/en/news-updates/press-releases/rafal-citic-jv-to-set-up-3-2bn-industrial-complex-in-riyadh/

Sources: partners

COMPANYdate not shown in source

Partnership source

rafal.com.sa
The Ascott Limited is honored to embark on this partnership with the esteemed RAFAL Real estate development company
value seen: The Ascott Limited
https://rafal.com.sa/en/news-updates/press-releases/driven-by-the-increasing-demand-for-branded-residential-serviced-apartments-rafal-inaugurates-rafal-residence-and-ascott-rafal-olaya-riyadh/

Sources: partners

PRESSdate not shown in source

Partnership source

zahranholding.com
Jamal Halawani, Operations Manager, Dubai Contracting Co., said “we are in an ongoing partnership with RAFAL, initiated by Burj RAFAL and continues with RAFAL Living and yet more to come.”
value seen: Dubai Contracting Company
held out of the figures · the quote does not carry this value
https://www.zahranholding.com/en/spv-established-for-developing-rafal-living-by-kempinski/

Sources: partners

COMPANYdate not shown in source

Partnership source

rafal.com.sa
Mr. Mansour Al Saaghayer Corporate Banking Head, Saudi British Bank (SABB).
value seen: Saudi British Bank
https://rafal.com.sa/en/news-updates/press-releases/driven-by-the-increasing-demand-for-branded-residential-serviced-apartments-rafal-inaugurates-rafal-residence-and-ascott-rafal-olaya-riyadh/

Sources: partners

PRESSdate not shown in source

Partnership source

zahranholding.com
Rafal Living by Kempinski distinguished itself by presenting the first-ever lavish sky villas concept with 300 residential villas fully managed and serviced by Kempinski
value seen: Kempinski
https://www.zahranholding.com/en/spv-established-for-developing-rafal-living-by-kempinski/

Sources: partners

PRESSdate not shown in source

Partnership source

zahranholding.com
SPV established for developing Rafal Living by Kempinski
value seen: Al Bilad Capital
held out of the figures · the quote does not carry this value
https://www.zahranholding.com/en/spv-established-for-developing-rafal-living-by-kempinski/

Registrations & licences

COMPANY NUMBER1010240170
Saudi Arabia company registry (directory record) · SA
Jurisdiction-agnostic: a DLD number, a Companies House number and a state RERA registration all land in the same table.

Contact

Markets

1 countries
Saudi Arabiaactive 2 projects tracked

What they build

2 types
Hotel residences1 of 2
Hotel1 of 2
A project counts once under each type it carries, so the shares add to more than the project count.

Management

Principals & executives

6 names found
SA
Sulaiman Al Muhaidib
He is Rafal’s chairman. The company also identifies his chairmanships and board service across major Saudi institutions.
Current title
Chairman
Experience
no career length stated
Companies before
none sourced
Education
not published
Other boards
none sourced
Known for
Chairman

Sources: role type

COMPANYdate not shown in source

Our Management Team – Rafal Site

Rafal Site
Sulaiman Al Muhaidib is the Chairman of Rafal
value seen: Chairman
no listed category matches this wording, so it is shown as the source wrote it
held out of the figures · no listed category matches this wording
value paraphrased from this source
https://rafal.com.sa/en/about-rafal/our-management-team/

Sources: summary

COMPANYdate not shown in source

Our Management Team – Rafal Site

Rafal Site
Sulaiman Al Muhaidib is the Chairman of Rafal
value seen: He is Rafal’s chairman. The company also identifies his chairmanships and board service across major Saudi institutions.
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://rafal.com.sa/en/about-rafal/our-management-team/

Sources: title

COMPANYdate not shown in source

Our Management Team – Rafal Site

Rafal Site
Sulaiman Al Muhaidib is the Chairman of Rafal
value seen: Chairman
https://rafal.com.sa/en/about-rafal/our-management-team/
EA
Elias Abou Samra
He has been CEO of Rafal since September 2021 and has a background in real-estate development, investment banking and private equity.
Current title
CEO
Experience
20+ years real estate
Companies before
none sourced
Education
not published
Other boards
none sourced
Known for
CEO

Sources: role type

PRESSdate not shown in source

Elias Abou Samra - The Business Year

The Business Year
Since becoming CEO of Rafal Real Estate Development Company in September 2021
value seen: CEO
value paraphrased from this source
https://thebusinessyear.com/interview/elias-abou-samra-saudi-arabia-2025/

Sources: summary

PRESSdate not shown in source

Elias Abou Samra - The Business Year

The Business Year
Since becoming CEO of Rafal Real Estate Development Company in September 2021
value seen: He has been CEO of Rafal since September 2021 and has a background in real-estate development, investment banking and private equity.
value paraphrased from this source
https://thebusinessyear.com/interview/elias-abou-samra-saudi-arabia-2025/

Sources: title

PRESSdate not shown in source

Elias Abou Samra - The Business Year

The Business Year
Since becoming CEO of Rafal Real Estate Development Company in September 2021
value seen: CEO
https://thebusinessyear.com/interview/elias-abou-samra-saudi-arabia-2025/
AA
Abdulelah Abunayyan
Rafal identifies him as a board member and as President of Lafana Holding Company and chairman of Ultra Medical Company and Shaker Group.
Current title
Board Member
Experience
no career length stated
Companies before
none sourced
Education
not published
Other boards
none sourced
Known for
Board Member

Sources: role type

COMPANYdate not shown in source

Our Management Team – Rafal Site

Rafal Site
Abdulelah Abunayyan Board Member
value seen: Board Member
value paraphrased from this source
https://rafal.com.sa/en/about-rafal/our-management-team/

Sources: summary

COMPANYdate not shown in source

Our Management Team – Rafal Site

Rafal Site
Abdulelah Abunayyan Board Member
value seen: Rafal identifies him as a board member and as President of Lafana Holding Company and chairman of Ultra Medical Company and Shaker Group.
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://rafal.com.sa/en/about-rafal/our-management-team/

Sources: title

COMPANYdate not shown in source

Our Management Team – Rafal Site

Rafal Site
Abdulelah Abunayyan Board Member
value seen: Board Member
https://rafal.com.sa/en/about-rafal/our-management-team/
SA
Saad Alsaif
Rafal identifies him as a board member with more than 20 years in finance.
Current title
Board Member
Experience
no career length stated
Companies before
none sourced
Education
not published
Other boards
none sourced
Known for
Board Member

Sources: role type

COMPANYdate not shown in source

Our Management Team – Rafal Site

Rafal Site
Saad Alsaif Board Member
value seen: Board Member
value paraphrased from this source
https://rafal.com.sa/en/about-rafal/our-management-team/

Sources: summary

COMPANYdate not shown in source

Our Management Team – Rafal Site

Rafal Site
Saad Alsaif Board Member
value seen: Rafal identifies him as a board member with more than 20 years in finance.
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://rafal.com.sa/en/about-rafal/our-management-team/

Sources: title

COMPANYdate not shown in source

Our Management Team – Rafal Site

Rafal Site
Saad Alsaif Board Member
value seen: Board Member
https://rafal.com.sa/en/about-rafal/our-management-team/
SA
Saleh Al Hanaki
Rafal identifies him as a board member and CEO of Nitaq Capital with 25 years in fund management, investments and stock markets.
Current title
A board member
Experience
no career length stated
Companies before
none sourced
Education
not published
Other boards
none sourced
Known for
Board Member

Sources: role type

COMPANYdate not shown in source

Our Management Team – Rafal Site

Rafal Site
Saleh Al Hanaki A board member
value seen: A board member
no listed category matches this wording, so it is shown as the source wrote it
held out of the figures · no listed category matches this wording
value paraphrased from this source
https://rafal.com.sa/en/about-rafal/our-management-team/

Sources: summary

COMPANYdate not shown in source

Our Management Team – Rafal Site

Rafal Site
Saleh Al Hanaki A board member
value seen: Rafal identifies him as a board member and CEO of Nitaq Capital with 25 years in fund management, investments and stock markets.
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://rafal.com.sa/en/about-rafal/our-management-team/

Sources: title

COMPANYdate not shown in source

Our Management Team – Rafal Site

Rafal Site
Saleh Al Hanaki A board member
value seen: A board member
https://rafal.com.sa/en/about-rafal/our-management-team/
SA
Sayer Alshammari
Rafal identifies him as a board member with more than 20 years in banking investments and stocks.
Current title
A board member
Experience
no career length stated
Companies before
none sourced
Education
not published
Other boards
none sourced
Known for
Board Member

Sources: role type

COMPANYdate not shown in source

Our Management Team – Rafal Site

Rafal Site
Sayer Alshammari A board member
value seen: A board member
no listed category matches this wording, so it is shown as the source wrote it
held out of the figures · no listed category matches this wording
value paraphrased from this source
https://rafal.com.sa/en/about-rafal/our-management-team/

Sources: summary

COMPANYdate not shown in source

Our Management Team – Rafal Site

Rafal Site
Sayer Alshammari A board member
value seen: Rafal identifies him as a board member with more than 20 years in banking investments and stocks.
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://rafal.com.sa/en/about-rafal/our-management-team/

Sources: title

COMPANYdate not shown in source

Our Management Team – Rafal Site

Rafal Site
Sayer Alshammari A board member
value seen: A board member
https://rafal.com.sa/en/about-rafal/our-management-team/

Projects

Assessment coverage

Completed projects: 2016-10-15 through 2026-10-15. Initial research is capped at 10 completed projects and a separate delivery-risk search capped at 7 findings. Risk findings are not project assessment counts. Absence is not proof of a complete portfolio or no failures. Month-level dates overlapping a boundary are excluded from figures.

0 undated completions and 0 boundary-uncertain completions are retained but excluded from figures.

Stalled, cancelled & overdue projects

0 evidenced cases
The capped delivery-risk search ran; no project-level exception cases are recorded here. Risk findings are listed under Risks and are separate from assessed projects. This does not establish that the developer has no delivery failures.

Completed projects

2 projects
ProjectLocationTypeUnitsFloorsAreaCostPayment planLaunchedConstruction startOriginal targetHandoverDelayConfidenceStatus
Rafal ResidenceRiyadh, Saudi Arabia
Olaya
hotel residences, hotel172127———20132013Sep 2015 – Dec 2015Apr 2017+17.5 mo
(+16.0 to +19.0)
sourcedcompleted
MarvelaRiyadh, Saudi Arabia
King Faisal
59415.5———20142014Jan 2016 – Dec 2016Jan 2017 – Dec 2017+12.0 mo
(+1.0 to +23.0)
sourcedcompleted
Click any row for the sources behind it. Cost basis matters: an estimated cost, a construction loan and a sale price are different numbers. Each row states which one it is, so they are never averaged together.

Awards

Awards & recognition

5 found
PROJECT AWARD Winner 29 September 2016 (ceremony); reported 5 October 2016
Saudi Arabia’s Leading Hotel · Burj Rafal Hotel Kempinski
Burj Rafal Hotel Kempinski won Saudi Arabia’s Leading Hotel at the 2016 World Travel Awards; RAFAL’s account identifies Burj RAFAL and its CEO in connection with the two awards presented at the ceremony.
PROJECT AWARD Winner 29 September 2016 (ceremony); reported 5 October 2016
Saudi Arabia’s Leading Hotel Residences · Burj Rafal Hotel Kempinski
Burj Rafal Hotel Kempinski won Saudi Arabia’s Leading Hotel Residences at the 2016 World Travel Awards; RAFAL reports that Burj RAFAL received this award at the ceremony.
PROJECT AWARD Winner 2017; reported 5 November 2017
Saudi Arabia’s Leading Hotel Residences · Burj Rafal Hotel Kempinski Riyadh
Burj Rafal Hotel Kempinski Riyadh was the winner of Saudi Arabia’s Leading Hotel Residences 2017; a contemporaneous RAFAL company post described the project as having won the award and said the company was proud to receive it.
PROJECT AWARD Winner 2018
Saudi Arabia’s Leading Hotel Residences · Burj Rafal Hotel Kempinski Riyadh
Burj Rafal Hotel Kempinski Riyadh won Saudi Arabia’s Leading Hotel Residences 2018. RAFAL’s project awards record identifies Burj Rafal as its project and the company’s World Travel Awards account reports that Burj RAFAL received the hotel-residences award.
COMPANY AWARD Winner September 2012
Best Real-Estate Developer in KSA
The developer reports winning Best Real-Estate Developer in KSA in a Euromoney market survey conducted in September 2012; this is older evidence and does not establish a current title as of 14 October 2026.

Risks

Risk flags

1 found
DELIVERY DELAY Commitments published 2015–2016; completion recorded in 2026
Rafal Real Estate Development’s Riyadh Rafal Living project (also identified as Sky Gardens by Rafal/Rafal Living Tower) was advertised for delivery in Q4 2017 and fully completed by early 2018, but an independent building record reports completion only in 2026; this is a documented historical delay, not an indication that the project remained incomplete as of 2026-10-08.

Record status

active
Coverageactive
Tracked sinceOctober 8, 2026
Last checkedOctober 8, 2026 this month
Profile last researchedOctober 8, 2026
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