Olaat History
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- Olaat History
Our history and the path of our innovation
We continue to deliver innovations at all levels through continuous dedication to work, accumulated experience and the collective strength of the companies that the group has acquired.
- Total Leased Space: (3,850,000 m2).
- Total Sold Space: (21,000,000 m2).
- Group companies: 8 .
Beginning of planning and conceptual drawing
In 1999 Drawing the thought .
Beginning of the olaat group
In 2000 Making the first step by establishing Olaat as Consultancy institute, starting with 3 employees.
Development and design of petrol stations
In 2001 Developing and designing petrol stations, such as, AlTas'helat and Aldress in its new image.
Signing of the first L&M contract with Food Basket & Plaza
In 2002 Signing the first L&M contract with Food Basket & Plaza project worth more than “70,000,000” located in Riyadh.
OPM has developed its strategy 100%
In 2003 *OPM made100% development in its strategy. *Establishing PBF “Professional Brokerage Firm” company for business transactions.
OPM has more than 24 employees and 17 projects.
In 2004 OPM has more than 24 employees and 17 projects.
The first tower managed by OPM
In 2005 Sky Towers is the first tower managed and leased by OPM at King Fahad Road.
OPM has 4 towers on King Fahd Road
In 2006 *OPM has 4 towers at King Fahad Road. *MACO Company has launched for Residential Services.
Design, marketing and management of the first mall and tower from scratch
In 2007 Design, Market and Manage the first mall & Tower from scratch. This mall is “Localizer” & the tower is called “Wassel Tower”.
Consolidated Brothers Joins Olaat Group as Strategic Partner
In 2008 *Consolidated Brothers Co. joined Olaat group as a strategic partner. *The name of PBF has been changed to OMIX with it`s new identity and location.
Covering all over the Kingdom of Saudi Arabia
In 2009 OPM covered all the Kingdom of Saudi Arabia, in terms, of Valuation & Appraisal service.
The first specialized evaluation program
In 2010 OPM created the first specialaized software for Valuation Dept.
OPM leased Waseel Tower and then sold it
In 2011 OPM leased then sold Waseel Tower. OPM signed a leasing contract for Tamkeen Tower. (Riyadh city)
The largest rental deal with an area of more than 130,000 square meters
In 2012 OPM has done the biggest leasing transaction with more than 130.000sqm in Centeral Park Mall in Jeddah City.
Signing a lease agreement for Olaya Towers
In 2013 OPM signed a leasing contract for Olaya Towers
Real estate and facilities management and rental contract
In 2014 OPM signed a Property & Facilities management & leasing contract for Souq Sharq and souq (Al-Mdina which is located within Eastern ring road and King Fahd road - Riyadh City).
Property and facilities management and leasing contract
In 2015 OPM signed a Property & Facilities management & leasing contract for SAMBA Tower which is located in King Abdullah Financial District “KAFD”.
Real estate and facilities management and rental contract
In 2016 OPM signed a Property & Facilities management & leasing contract for Almousa Center Riyadh.
OPM has signed property and facility management and leasing contracts
In 2017 OPM signed a Property & Facilities management & leasing contracts for Alandlus Business Center, Sultan Square & Tahlia Square
Signing real estate management, facilities and leasing contracts
In 2018 OPM ssigned a Property & Facilities management & leasing contracts for Alahsa Square, Manazel Alasafwa, Olisha Camp, The Elite & Waseel tower2.
Launching with over 9 billion portfolio.
In 2019 OPM signed the biggest & largest PM&FM contract ever with more than a 9 Billion portfolio.
The first resort services in Jeddah.
In 2020 OPM starts first time PM&FM services for Resorts in Jeddah city.