Wakan — delivery record

Artificial Intelligence
Builders Company

WakanRiyadh, Saudi Arabia · founded 2019 · 1 active markets

PRIVATE

Wakan develops residential, office and commercial properties in Riyadh, Saudi Arabia. Its portfolio includes villas, townhouses, apartments and business spaces, delivered through an integrated real-estate development and investment model for homebuyers, tenants, businesses and investors seeking quality urban environments locally.

Years in business

founded 2019

LinkedIn headcount

employees, as shown on LinkedIn · size band 11–50

Total projects

53+

across the company’s whole history

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: Waken Real Estate Development & Investment¹
Headquarters: Riyadh¹, Saudi Arabia
Founded: 2019¹
Entity type: PRIVATE¹
Business model: commercial¹, other¹
Markets: 1 market listed
What they build: no project types recorded

Full dossier in About →

Delivery record

0 date-assessed of 0 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. 1 undated and 0 boundary-uncertain completions are excluded. Delivery exceptions are listed separately under Projects.

Completed projects assessed

within the rolling ten-year window

Median delay

—

the middle of no scored projects

Average delay

—

the same projects, pulled by the worst

Average time to deliver

—

no delivered projects with a dated start — needs 3

Worst slip

—

early or less than 6 months late

6 to 12 months late

yellow rows below

Over 12 months late

red rows below

Against other developers

Not enough info yet.

Projects and timelines in Track Record →

Awards & recognition

No documented awards or recognitions in the sources reviewed.

All awards →

Risks & source coverage

RISK July 24, 2023 (review date) A customer review alleged that Wakan’s after-sales service was poor, did not meet expectations, and that employees were not responsive; the same page also contains several positive customer comments, so this is an isolated reported complaint rather than an established finding.
reviewsaudi.com · https://reviewsaudi.com/riyadh/327998

Record status: active
Company sources: 64 source entries across 64 fields
Projects tracked: 1 · 0 completed in assessment

All flags and sources →

Track Record

Delivery record

0 date-assessed of 0 projects

Unverified by developer

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

Completed projects assessed

within the rolling ten-year window

Median delay

—

the middle of no scored projects

Average delay

—

the same projects, pulled by the worst

Average time to deliver

—

no delivered projects with a dated start — needs 3

Worst slip

—

early or less than 6 months late

6 to 12 months late

yellow rows below

Over 12 months late

red rows below

Against other developers

Not enough info yet.

Construction start to handover

0 of 0 projects dated · 0 places

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

No dated projects to plot.

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.

About

Company dossier

Legal name

Waken Real Estate Development & Investment

Headquarters

Riyadh, Saudi Arabia

Al-Nuzha District

Founded

2019

Saudi Arabia

Entity type

PRIVATE

Revenue

not published

Business model

commercial, other

Partners

1 partner

Maheer Real Estate

joint venture

Wakan states that it partnered with Maheer Real Estate to develop commercial towers in Riyadh’s Al-Yasmin district on Olaya Road.

Sources: partners

COMPANYdate not shown in source

مشاريع وكن - Wakan

Wakan

بالتعاون مع شركة مهير العقارية، تطلق وكن مشروع أبراج تجارية.

value seen: شركة مهير العقارية

held out of the figures · the quote does not carry this value

value paraphrased from this source

https://wakan.sa/Blog/Detail/3

Sources: partner type

COMPANYdate not shown in source

مشاريع وكن - Wakan

Wakan

بالتعاون مع شركة مهير العقارية، تطلق وكن مشروع أبراج تجارية.

value seen: شراكة

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://wakan.sa/Blog/Detail/3

Sources: summary

COMPANYdate not shown in source

مشاريع وكن - Wakan

Wakan

تُعلن شركة وكن للتطوير والاستثمار العقاري عن شراكة مع مهير العقارية لتطوير أبراج بقيمة تتجاوز مليار ومئتي مليون ريال، بالرياض على طريق العليا بحيّ الياسمين، بمسطحات بناء تتجاوز 230 ألف متر مربع ومساحات تأجير تصل إلى 120 ألف متر مربع.

value seen: تطوير أبراج بقيمة تتجاوز مليار ومئتي مليون ريال، بالرياض على طريق العليا بحيّ الياسمين

held out of the figures · the quote does not carry this value

value paraphrased from this source

https://wakan.sa/Blog/Detail/3

Registrations & licences

none found

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 Arabia

active 0 projects tracked

What they build

no project types recorded

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

Abdullah Mohamed Abdelmohsen Alonayq

Alonayq is Wakan’s board chairman and is also identified by the company as the chairman whose speech frames the developer’s Riyadh-focused investment rationale. His public profile describes more than 16 years in real-estate development and project management and says he has led high-impact projects with an emphasis on quality, innovation and sustainability.

Current title

Chairman of the Board

since May 2019 - Present

Experience

16+ years real estate

Companies before

none sourced

Education

not published

Other boards

Chairman of the Board, Maheer Real Estate

Known for

ChairmanProject managementDevelopmentInvestor valueSustainability

https://linkedin.com/in/%D8%B9%D8%A8%D8%AF%D8%A7%D9%84%D9%84%D9%87-%D8%A7%D9%84%D8%B9%D9%86%D9%8A%D9%82-415363320

Sources: full name

COMPANYdate not shown in source

About us - Wakan

Wakan

#### Abdullah Mohamed Abdelmohsen Alonayq

value seen: Abdullah Mohamed Abdelmohsen Alonayq

https://wakan.sa/Home/About

Sources: other boards

SOCIALdate not shown in source

Chairman of the Board | wakan real estate Chairman of the Board | maheer real estate

### Chairman of the Board maheer - مهير العقارية (Current)

value seen: Chairman of the Board maheer

https://linkedin.com/in/%D8%B9%D8%A8%D8%AF%D9%84%D9%84%D9%87-%D8%B9%D9%86%D9%8A%D9%82-415363320

Sources: since

SOCIALdate not shown in source

Chairman of the Board | wakan real estate Chairman of the Board | maheer real estate

#### Chairman of the Board wakan (Current) May 2019 - Present (7 years)

value seen: May 2019 - Present

https://linkedin.com/in/%D8%B9%D8%A8%D8%AF%D8%A7%D9%84%D9%84%D9%87-%D8%A7%D9%84%D8%B9%D9%86%D9%8A%D9%82-415363320

Sources: summary

SOCIALdate not shown in source

Chairman of the Board | wakan real estate Chairman of the Board | maheer real estate

Chairman of Wakan & Maheer Real Estate, with over 16 years of experience in real estate development and project management. I have led the company in delivering high-impact projects that strengthened its position in the real estate market, with a strong focus on quality, innovation, and sustainability

value seen: Alonayq is Wakan’s board chairman and is also identified by the company as the chairman whose speech frames the developer’s Riyadh-focused investment rationale. His public profile describes more than 16 years in real-estate development and project management and says he has led high-impact projects with an emphasis on quality, innovation and sustainability.

held out of the figures · the quote does not carry this value

value paraphrased from this source

https://linkedin.com/in/%D8%B9%D8%A8%D8%AF%D8%A7%D9%84%D9%84%D9%87-%D8%A7%D9%84%D8%B9%D9%86%D9%8A%D9%82-415363320

Sources: title

SOCIALdate not shown in source

Chairman of the Board | wakan real estate Chairman of the Board | maheer real estate

value seen: Chairman of the Board

https://linkedin.com/in/%D8%B9%D8%A8%D8%AF%D8%A7%D9%84%D9%84%D9%87-%D8%A7%D9%84%D8%B9%D9%86%D9%8A%D9%82-415363320

Abdulrahman Alhumaid

Alhumaid is publicly identified as Wakan’s chief executive officer. Available professional information links his background to real-estate project management, investment-fund operations and proptech/fintech; the accessible profile also records subsequent real-estate-development work at King Salman International Airport, so the timing of the Wakan CEO role is not independently established here.

Current title

Chief Executive Officer

Experience

no career length stated

Companies before

Rehan CapitalALJOUD

Education

Al-Imam Muhammad Ibn Saud Islamic UniversityBachelor’s degree in Shariah (Islamic law)

Kaplan International College LondonEnglish language

### Operations Lead - Rehan Capital Apr 2022 - Sep 2025 ### project manager - ALJOUD

value seen: Rehan Capital; ALJOUD

held out of the figures · the quote does not carry this value

https://linkedin.com/in/abdulrahman-alhumaid-30774b208

Sources: summary

SOCIALdate not shown in source

Abdulrahman Alhumaid

### Specialist Real Estate Development - King Salman International Airport (Current) Jan 2026 - Present

value seen: Alhumaid is publicly identified as Wakan’s chief executive officer. Available professional information links his background to real-estate project management, investment-fund operations and proptech/fintech; the accessible profile also records subsequent real-estate-development work at King Salman International Airport, so the timing of the Wakan CEO role is not independently established here.

held out of the figures · the quote does not carry this value

value paraphrased from this source

https://linkedin.com/in/abdulrahman-alhumaid-30774b208

Sources: title

SOCIALdate not shown in source

عبدالرحمن الحميد - الرئيس التنفيذي في وكن | Wakan

الرئيس التنفيذي في وكن | Wakan

value seen: الرئيس التنفيذي في وكن | Wakan

value paraphrased from this source

https://sa.linkedin.com/in/%D8%B9%D8%A8%D8%AF%D8%A7%D9%84%D8%B1حمن-الحميد-553605338

Ahmed Zidan

Zidan is Wakan’s Group CFO, with responsibility spanning finance and accounting at C-level. His profile describes a 12-year finance track record in financial-systems implementation, analysis, budgeting, reporting and KPI dashboards, following finance roles at RSM Saudi Arabia and Ajialuna Educational Company.

Current title

Group CFO

since Jul 2021 - Present

Experience

no career length stated

Companies before

RSM Saudi ArabiaAjialuna Educational Company

Education

Alexandria UniversityBachelor of Commerce, Accounting & Business Management

Other boards

none sourced

### Finance Manager - RSM Saudi Arabia ### Senior Accountant - Ajialuna Educational Company

value seen: RSM Saudi Arabia; Ajialuna Educational Company

held out of the figures · the quote does not carry this value

https://linkedin.com/in/ahmed-zidan-756b431b7

Sources: since

SOCIALdate not shown in source

Ahmed Zidan

Jul 2021 - Present (5 years and 2 months)

value seen: Jul 2021 - Present

https://linkedin.com/in/ahmed-zidan-756b431b7

Sources: summary

SOCIALdate not shown in source

Ahmed Zidan

Experienced finance professional with a passion for digital transformation. 12-year track record in financial systems implementation, financial analysis, and budgeting

value seen: Zidan is Wakan’s Group CFO, with responsibility spanning finance and accounting at C-level. His profile describes a 12-year finance track record in financial-systems implementation, analysis, budgeting, reporting and KPI dashboards, following finance roles at RSM Saudi Arabia and Ajialuna Educational Company.

held out of the figures · the quote does not carry this value

value paraphrased from this source

https://linkedin.com/in/ahmed-zidan-756b431b7

Sources: title

SOCIALdate not shown in source

Ahmed Zidan

### Group CFO - وكن | Wakan (Current)

value seen: Group CFO

https://linkedin.com/in/ahmed-zidan-756b431b7

Yazeed Almazyad

Almazyad currently manages procurement and contracts at Wakan and previously served there as Project Management Director. His background covers real-estate development, projects, contracts, valuation and property investment; his earlier roles include co-founding Qawam Al-Ard Real Estate and managing a real-estate branch.

Current title

Procurement and Contracts Manager

since Sep 2025 - Present

Experience

16+ years experience

Companies before

Qawam Al-Ard Real EstateFirst Material Contracting CompanyAsl Real Estate ValuationKham Real EstateZaid Fahid Al-Mazyad Real Estate

Education

Al-Imam Muhammad Ibn Saud Islamic UniversityBachelor’s degree, Information Systems

Other boards

none sourced

Known for

Procurement & contractsFormer project directorReal-estate developmentProperty valuationCo-founder

https://sa.linkedin.com/in/idyaz

Sources: education

SOCIALdate not shown in source

Yazeed Almazyad

### Bachelor's degree, Information system at Al-Imam Muhammad Ibn Saud Islamic University

value seen: Bachelor's degree, Information system at Al-Imam Muhammad Ibn Saud Islamic University

https://sa.linkedin.com/in/idyaz

Sources: full name

SOCIALdate not shown in source

Yazeed Almazyad

# Yazeed Almazyad

value seen: Yazeed Almazyad

https://sa.linkedin.com/in/idyaz

Sources: previous companies

SOCIALdate not shown in source

Yazeed Almazyad

### Co-Founder - قوام الارض العقارية ### Procurement and Contracts Manager - شركة المادة الاولى للمقاولات ### Real Estate Appraiser - Asl Real Estate Valuation ### Real Estate Sector Manager - Kham Real Estate ### Branch Manager - شركة زيد فهيد المزيد للعقارات

value seen: قوام الارض العقارية; شركة المادة الاولى للمقاولات; Asl Real Estate Valuation; Kham Real Estate; شركة زيد فهيد المزيد للعقارات

held out of the figures · the quote does not carry this value

value paraphrased from this source

https://sa.linkedin.com/in/idyaz

Sources: since

SOCIALdate not shown in source

Yazeed Almazyad

Sep 2025 - Present

value seen: Sep 2025 - Present

https://sa.linkedin.com/in/idyaz

Sources: summary

SOCIALdate not shown in source

Yazeed Almazyad

Professional background in real estate development, projects, and contracts management.

value seen: Almazyad currently manages procurement and contracts at Wakan and previously served there as Project Management Director. His background covers real-estate development, projects, contracts, valuation and property investment; his earlier roles include co-founding Qawam Al-Ard Real Estate and managing a real-estate branch.

held out of the figures · the quote does not carry this value

value paraphrased from this source

https://sa.linkedin.com/in/idyaz

Sources: title

SOCIALdate not shown in source

Yazeed Almazyad

#### Procurement and Contracts Manager (Current)

value seen: Procurement and Contracts Manager

https://sa.linkedin.com/in/idyaz

Mahmoud Ewis

Ewis is a current Wakan Project Engineer; his public profile also describes him as a projects manager and places the role in general management at director level. He holds a construction and project-management bachelor’s degree and has been associated with Wakan since February 2023.

Current title

Project Engineer

since Feb 2023 - Present

Experience

no career length stated

Companies before

none sourced

Education

Beni-Suef UniversityBachelor in construction and projects management

Other boards

none sourced

SOCIALdate not shown in source

Mahmoud Ewis

### Project Engineer - وكن | Wakan (Current)

value seen: Project Engineer

https://linkedin.com/in/mahmoud-ewis-8b75602b2

Abdulaziz ALtamimi

ALtamimi is a current Wakan Sales Manager, also holding the same role at Maheer Real Estate. Before Wakan, he worked in marketing at Almajdiah; his education is in business administration and management information systems.

Current title

Sales Manager

since Dec 2021 - Present

Experience

no career length stated

Companies before

Almajdiah

Education

Prince Sattam bin Abdulaziz UniversityBachelor’s degree, Business Administration and Management Information Systems

Other boards

none sourced

Known for

Sales managerReal-estate salesMarketingBusiness administrationMIS

https://linkedin.com/in/abdulaziz-altamimi-0872bb114

Sources: education

SOCIALdate not shown in source

Sales Manager at WAKAN & Maheer

### بكالوريوس إدارة الأعمال , نظم معلومات إدارية at Prince Sattam bin Abdulaziz University

value seen: بكالوريوس إدارة الأعمال , نظم معلومات إدارية at Prince Sattam bin Abdulaziz University

value paraphrased from this source

https://linkedin.com/in/abdulaziz-altamimi-0872bb114

Sources: full name

SOCIALdate not shown in source

Sales Manager at WAKAN & Maheer

# Abdulaziz ALtamimi

value seen: Abdulaziz ALtamimi

https://linkedin.com/in/abdulaziz-altamimi-0872bb114

Sources: previous companies

SOCIALdate not shown in source

Sales Manager at WAKAN & Maheer

### اخصائي تسويق - [الماجدية | Almajdiah]

value seen: Almajdiah

value paraphrased from this source

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.

No qualifying completions found in this window.

1 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

0 projects

Project

Location

Type

Units

Floors

Area

Cost

Payment plan

Launched

Construction start

Original target

Handover

Delay

Confidence

Status

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

No documented awards or recognitions in the sources reviewed.

Risks

Risk flags

1 found

RISK July 24, 2023 (review date)
A customer review alleged that Wakan’s after-sales service was poor, did not meet expectations, and that employees were not responsive; the same page also contains several positive customer comments, so this is an isolated reported complaint rather than an established finding.

reviewsaudi.com · https://reviewsaudi.com/riyadh/327998

Record status

active

Coverage	active
Tracked since	October 8, 2026
Last checked	October 8, 2026 this month
Profile last researched	October 8, 2026
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For informational purposes only. This information is not investment, financial or credit advice and should not be relied on for investment, lending or credit decisions. Records may be incomplete or outdated. Verify information independently and seek qualified advice before making a decision.