Marble Design completes 90% of subsidiary’s showrooms, warehouses

Logo of Marble Design Co.

Marble Design Co. completed 90% of work on showrooms and warehouses for its wholly owned subsidiary, Tareeq Al Maskan Real Estate Development Co., according to a statement to Tadawul today, Aug. 10.

The company aims to introduce a new product — Sintered Stone Slabs, which are raw slabs manufactured from natural materials using modern technologies.

For more news and details on the projects

The new product is shaped to order for use in interior and exterior architectural applications, in collaboration with the brand Techlam, a subsidiary of Spanish company Levantina.

Marble Design is currently in the final stages of obtaining the necessary licenses to commence operations, with the financial impact of this expansion expected to be reflected in the second half of 2025.

The company also noted that the land purchase, project construction, and acquisition of the necessary machinery for cutting Sintered Stone Slabs were all financed through the internal resources of Tareeq Al Maskan.

According to Argaam’s data, Tareeq Al Maskan purchased, in August 2023, two land plots for SAR 4.95 million, to build a showroom and warehouse for the company’s products.