Banan Real Estate establishes SAR 44.1M subsidiary
- Source
- Argaam - Company Disclosures
- Source link
- https://www.argaam.com/en/article/articledetail/id/1924657
- Published
- 2026-07-30 18:34:00
- Discovered by ProcIntel
- 2026-07-31 08:53:50
- Category
- Supplier Risk
- Geography
- Saudi Arabia, UAE
- Organisations
- —
- Review status
- Pending
- Record type
- REAL
Summary
<p><img src="https://argaamplus.s3.amazonaws.com/78ed9b08-99fc-476c-a934-c0d3ccd185b1.png" ></p> <p class="ckeCaption" >Logo ofBanan Real Estate Co.</p> <hr> <p ><a href="https://www.argaam.com/en/tadawul/tasi/banan" target="_blank">Banan Real Estate Co.</a>’s board approved the establishment of a subsidiary, Emaar Al Waseel Al Mutamayza Co., a simplified joint-stock company with a capital of SAR 44.08 million.</p> <p ></p> <p >In a statement on <strong>Tadawul</strong>, the company said the subsidiary has been incorporated and issued a commercial registration under the national unified number 7054897553.</p> <p ></p> <p >According to data compiled by <span ><strong>Argaam</strong></span>, Banan's board recently approved the establishment of the company, in which Banan will hold a 60.47% stake, while the remaining shares will be owned by other investors.</p>
Procurement Relevance Gate
- supplier_or_company_impact (weight 12) — matched on "subsidiary"
- geographic_exposure (weight 8) — matched on "2 linked geographies"
Initial Signal Assessment ProcIntel's automatic, provisional read of this individual Signal -- Initial Significance and Initial Confidence, computed deterministically before any Event extraction or human review.
A provisional, automatically-computed reading of this individual Signal, before Event extraction or human review. Not a final rating.
- Initial Significance
- 1 · Low (14.0/100)
- Initial Confidence
- 2 · Low (23.5/100)
- Data sufficiency Whether enough structured evidence exists to trust this Signal's Initial Confidence reading. 'Sufficient' has no cap; 'Partial' and 'Insufficient' cap Confidence until more evidence is available; 'Not Assessed' means the Signal did not pass the Relevance Gate.
- Partial
- Strongest contributor
- Procurement Impact
- Limiting factor
- Geographic Breadth
Initial Significance Low (14.0/100). Strongest contributor: Procurement Impact (6.0/30 points). Limiting factor: Geographic Breadth (0.0/10 points). Initial Confidence Low (23.5/100, data sufficiency: Partial). Strongest contributor: Source Authority (12.0/40 points). Limiting factor: Corroboration (2.5/25 points).
- No likely Event type matched; a low contextual baseline was applied.
- No eligible (non-geographic, non-fictional) entities were linked to this Signal.
- no matched Event type
- no actor entities (only attribution/metadata, if any)
- no actor content-derived geography
- single source only
- Entities were mentioned as context or document attribution rather than as actors in the reported development, so they did not increase Initial Confidence.
- Only source-level geography metadata was available.
- Source metadata did not contribute to Initial Confidence.
Methodology signal_scoring_v1 — calculated 2026-08-03 16:29:54.