Al Mahmal Development Co. (Ltd.)Al Mahmal Development was established in 2004 to manage the Al Mahmal Center in Jeddah, which is 79 percent owned by SEDCO Holding. Al Mahmal Center's superior design, formidable operations, and excellent retail mix has made it one of the most sought after shopping destinations in the city, provide a one-stop venue for fashion, lifestyle, and food.With 12,000 m² of lettable area, the seven-storey story center comprises 90 shops, 27 kiosks, 21 bastas, and a food court with 23 outlets. Occupancy has been running at close to 100 percent for the past five years, with an extensive waiting list of tenants. A 550-bay parking block is connected to each floor of the center, generating income through hourly parking fees for visitors as well as long-term rentals to employees in neighboring companies.