Consolidated Services Company - KSA

[Jubail Professional Labour Accommodation]

In March 2010, Tadhamon Capital arranged the acquisition of Consolidated Services Company for a consortium of investors. CSC owns and operates accommodation for management and staff in Jubail Industrial City and other industrial areas in Saudi Arabia. Built in 2009, the facility covers an area of 51,000 square metres with an additional 6,000 square metres of car parking. The property currently provides accommodation for over 1,200 workers, with Tadhamon Capital having worked to increase this from under 700 beds at the time of acquisition. The anchor tenant is a major Korean industrial conglomerate, which has been operating in Saudi Arabia for over 30 years. The property has exclusive rights to provide accommodation to the tenant in the Eastern Province of the Kingdom.

The company is targeted to expand its present and services in Jubail, Yanbu and other industrial areas in KSA, aiming to be one of the leading industrial logistics services providers.