Drghassan Ahmad Al Sulaimantogether With Other Family Memberslaunched A Furniture Retailing Company In 1983 That Acquired Globally Renowned Brand Ikea S First International Franchise From 700 Square Metersikea Saudi Arabia Now Has Over 100 000 Square Meters Of Retail Space In Three Cities Of Saudi Arabia And Is Now Counted As One Of The Largest And Most Reputable Furniture Retailing Operations In The Middle Eastin 1990 Safter Having Established Ikea Saudi Arabia S Operations On Strong Footingthe Board Of Directors Decided To Start Investing In The Winners Of Tomorrow In 2004The Shareholders Of Ikea Saudi Arabia Launched Ghassan Ahmad Al Sulaiman Holding Companyand Transferred Many Of Ikea S Investments To This Companyin August 2007The Company Was Renamed As Ghassan Ahmad Al Sulaiman Development Companyghassanco The Company Was Formed To Use The Cash Generation Abilities Of Ikea Saudi Arabia To Co Invest With Other Individual And Institutional Investorsto Launch And Develop The Winners Of Tomorrowghassanco Does Not Specifically Target Majority Shareholding In These Investee Companiesthis Allows Ghassanco Additional Flexibility In Attracting Other Business Groups And Entities To Become Shareholders In The New Companies Ghassanco Also Does Not Specifically Targetexitingfrom Its Investee Companiesalthough This Remains One Of The Options To Maximize Shareholdersreturns Alsoghassanco Does Not Always Take Direct Shareholding In The Companies It Co Launches And Co Develops Sometimes Ghassanco Facilitates Its Investee Companies In Taking Direct Shareholding In New Companies
