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1968 1984 2007 2011
Company Transfer to Transferred to Increase the capital
Founded limited liability Joint Stock to be
with SAR3M Com. SAR 550 Million.
Capital
MASCO
was founded in 1968 by Mohammed Ali AL Swailem.
Who had started his carrier in early 1950's as an employee in Arab
American Oil Company (Aramco) which sharpen his talent and vision
to establish in mid 1960s his own sole partnership corporation which
was solely specializing in road construction. In 1970's His Corporation
was one of the leading national companies participating in first a
construction boom during 70's, building number of major highways
and infrastructure projects across the Kingdom such as Qassim-
Riyadh Highway. In 1984 the company was incorporated to be a
Limited partnership to become full diversified general construction
company.
In 2007, MASCO was converted into a closed joint stock company
with a paid-up capital of SAR 100m.
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