According to Al-Kabs sources, Jiblah holding's company is in the process of establishing a new company with a capital of K.D 40 Million. A part of this company's capital will be announced for a private subscription on the 10th of March, while Jiblah holding will keep around 20% of the shares. The new company will develop real estates in the Kingdom of Saudi Arabia in order to establish an industrial area coving 30 million square meters.

A relevant source expected to sign the contract to acquire the land during this week.

It is worth noting that Jiblah Holding submitted its financial statements for the year 2006 to Kuwait Stock Exchange Administration, satisfying by that the last condition to be listed in the market.