A subsidiary of Kuwaiti developer Mabanee in a joint venture with Al Fozan Holding.
Shumool was founded on the 6th of May 2006.
It decided to work professionally in the Saudi market through Studying the real estate chances carefully, choosing the best of them identifying the suitable investment to get high profits the partners.
Then it was the crowning of the company as one of the 100 companies that are the fastest in growth in the Kingdom in 2008. The company was the ninth amongst the companies that grew fastest according to the company’s profits during the last two years.