Who’s Who: Khaled Al-Mobid, CEO of Menassat Realty Co.

Khaled Al-Mobid. (Supplied)

Khaled Al-Mobid is founder and CEO of Menassat Realty Co., a Riyadh-based real estate developer, since 2018.
He was founder, previous general manager and executive partner of Bussma Real Estate Management Co. between 2008 and 2018.
Al-Mobid obtained his bachelor’s degree in business administration from the University of Florida, US, in 2002.
He has served as a member of several real estate entities, including the Real Estate Subcommittee for Real Estate Services of the Riyadh Chamber of Commerce since 2010 and the Real Estate Committee of the Riyadh Chamber between 2002 and 2018.
He also served on the boards of Al-Issa Endowment between 2016 and 2020, and Bussma Real Estate Management Company between 2008 and 2018.
Al-Mobid was vice chairman of the Real Estate Marketing Committee at the Riyadh Chamber between 2018 and 2022, and was a member of the board of directors and executive committee of Manarat Development Investment Company between 2016 and 2020. The company’s portfolio is worth SR900 million ($234 million).
He was also a member of the board of directors of ADdisign Engineering Company between 2018 and 2019.
Al-Mobid managed and supervised four execution court auctions in his previous company, in addition to other major private sector auctions afterward, with a total value of SR4 billion.
He is also founder and CEO of the Real Estate Platforms Application (Menassat), which won the 2019 Real Estate Application Award.
Al-Mobid was chosen as the best real estate marketer in the Kingdom and has been honored by a number of ministers of housing and trade.
He has made significant contributions to the Kingdom’s property industry through founding 15 real estate funds, and has taken part in the establishment of a large number of commercial and residential projects in the Kingdom.