M.S. AL-SUWAIDI REAL ESTATE ENTERPRISES CO. LTD.

PROJECT MANAGEMENT DEPARTMENT

UPDATE / REPORTS AS OF 30 APRIL 2010

A. Home Developments

B. Project Management Services

HOME DEVELOPMENTS
Phase 5
109 Villa Schedule Revision 01

Al-Waha
Area 6 – 10 No. Type B Villas
9 No Villas – - Handed Over Villas 129, to 136 & 138
1 No Villa – Sold – Ready for Client Handover – Villa 137

Area 3 Phase 1 – 7 No. Villas

4 No. Type B and 3 No. Type E
5 No Villas Hand Over to Client. Villas 101, 103, 104, 105 & 106
1 No Villa - Sold - Complete, waiting Client Hand Over Villa 102.
1 No. Villa 107 – Complete, Unsold.

Area 4 Phase 1- 8 No. Villas

2 No Type B.
6 No Type E.
4 No. Villas Type “B” Hand Over to Clients. Villas 121,125, 126 & 127.
5 No. Villas Type “E” Complete. Villas 122, 123, 124 & 128.
Area 2. Phase 1 revised. 12 No Villas
2 No Type B
10 No Type E
Villa 73 Type E Show House Furnished & Villa 74 Show house
Un Furnished
Villas 71, 72, 78, 79, 80 & 82 Sold and Handed Over. (6 No)
Villas 76 & 77 Sold being prepared for Hand Over.
Villas 75 & 81 Complete.

Prevailing Delays
NIL

Area 2 - Phase
12 Nos Villa Type E (83 to 94)
Villas 83 & 84 Sold. Finishing Works in progress.
Villas 85 to 87 Ceramic Tiles complete.
Villas 87 to 90 Waiting Window Installation.
Villas 89 – 94 Boundaries Walls & Garage in progress.

Prevailing Delays
Aluminum Windows & Doors – 4 weeks
Area 3 Phase 2
3 No. Villas Type “B” Villas 110, 111 & 112 Complete – Awaiting SEC
Meters.
1 No Villa Type “B”.Sold, Complete - Awaiting SEC Meter
2 No. Villas Type “E” Villas 109 & 108.Complete waiting SEC Meters.

Area 4 Phase 2
2 No Type B Villas.
6 No Type E Villas.
Villas 115 & 116 Type B Sold. Complete waiting SEC Meters
Villas 114, 117 & 118 Painting in Progress.
Villas 119 & 120 External Paving in progress.

Prevailing Delays
Awaiting SEC Meters to all Villas.
Painting to Doors Villas 114, 117 to 120.
Al-Fakariyah
Block 14 Road 4 – 16 No. Type E Villas
Villa 2 – Show House furnished, Villa 3 Showhouse Un furnished
Villas 4 to 8 complete and 10 to 15 complete.
Villas 1, 9 & 16 Complete & Occupied.
Villa 15 Sold. Awaiting Hand Over information.
Villa 12 & 13 under Hand Over Preparation
Block 15 Road 1 – 14 No Type E Villas
Villas 60 Sold and Handed Over / Occupied.
Villas 59. Sold – ready for Hand Over 10 March 2010.(Client withdraw &
transferred to Al Waha Villa).
Villas 59 to 47 Complete.
Villas 53 Sold. Handover preparation in progress.
Prevailing Delays
NONE
Block 15 Road 2 – 14 No Type E Villas
Villa 33 Sold – Finishing Works progressing.
Villas 33 to 39 Ceramic Tiles complete, ongoing Villas 41 to 44.
Villas 33 to 38 Window installation complete.
Villas 33 to 39 Bathtubs & Shower Trays installed.
Villas 44 & 46 Paint to Intermediate Coat in progress.
Block 14 Road 2 – 3 No Villas
Villas 30, 31 & 32 – Gypsum Works complete to Villas 30 & 31.
Prevailing Delays
Aluminum Windows & Doors Villas 39 to 46.
Door Painting Villas 33 to 37.
 BAU Project Phase 5 Villas
Current Numbers of Unsold Villas Ready for Sale / Occupation
As at 30 APRIL 2010
NO OF NO. OF NO OF BALANCE
BALANCE AT
NO. OF NO OF UNITS UNITS SOLD UNITS SOLD UNITS UNITS BALANCE
LOCATION TYPE QTY AREA PLASTERED
UNITS COMPLETED & BUT NOT READY UNDER UNPLASTERED
COMPLETE
OCCUPIED OCCUPIED FOR SALE FINISHING
PHASE 1 2010
2 2 2 2 NIL NIL NIL NIL NIL
3 7 7 3 3 1 NIL
AL-WAHA B 21
4 2 2 2 NIL NIL NIL
6 10 10 9 1 NIL NIL
2 10 10 4 2 4 NIL NIL NIL
AL-WAHA E 21 3 5 5 1 1 3 NIL
4 6 6 2 NIL 4 NIL
AL-FAKARIYAH E 30 14/15 30 30 4 4 22 NIL NIL NIL
SUB-TOTAL 72 72 72 27 11 34 NIL NIL NIL
PHASE 2 2010
AL-WAH B 2 4 2 2 NIL 2 NIL NIL NIL NIL
4 6 NIL NIL NIL NIL 6 NIL NIL
AL-WAHA E 18
2 12 NIL NIL NIL NIL 6 12 NIL
AL FAKARIYAH E 17 14/15 17 NIL NIL 1 NIL 17 NIL NIL
SUB TOTAL 37 37 2 NIL 3 NIL 29 12 NIL
TOTAL 109 109 74 27 14 34 29 12 NIL
 2009
NO. OF STOCK
LOCATION TYPE UNITS SOLD
UNITS BALANCE
AL-WAHA B 21 20 1
AL-WAHA E 21 10 11
AL-FAKARIYAH E 30 8 22
TOTAL 72 38 34

2010
NO. OF STOCK
LOCATION TYPE UNITS SOLD
UNITS BALANCE
AL-WAHA B 2 2 NIL
AL-WAHA E 18 2 16
AL-FAKARIYAH E 17 1 16
TOTAL 37 5 32

SUMMARY : BASED ON 109 UNITS

2009 / 2010

NO. OF STOCK
LOCATION TYPE UNITS SOLD
UNITS BALANCE
B 23 22 4
AL-WAHA
E 39 12 34
AL-FAKARIYAH E 47 9 42
TOTAL 109 43 63
M.S. AL-SUWAIDI REAL ESTATE ENTERPRISES CO. LTD.

PROJECT MANAGEMENT DEPARTMENT

Monthly Progress Report Based on 109 Villas
BAIT AL-UMAR PROJECT (Phase 5)

APRIL 2010
 PHASE 5

Progress Status to date 30 APRIL 2010 - Al-Khobar

Actual = 94.651%

Planned = 97.459%

Actual Planned Variance Variance = -2.808%

(Revised Schedule based on 109 Villas)

 PHASE 5

Progress Status to date 30 APRIL 2010 - Dammam

Actual = 97.894%

Planned = 98.466%

Actual Planned Variance Variance = -0.572%

(Revised Schedule based on 109 Villas)

 PHASE 5

Overall Progress Status to date – 30 APRIL 2010

Actual = 96.272%

Planned = 97.963%

Variance = -1.690%
Actual Planned Variance

(Revised Schedule based on 109 Villas)

PROJECT MANAGEMENT
SERVICES
 MR. ZAKI VILLA
 Villa Completion September 2010. Revised to 1st August 2010.
 Schedule Status – 5 Weeks behind Schedule.
 Roof Tiling 95% Complete.
 HVAC Ductwork Complete and Internal Equipment installed.
 Secondary Suspended Ceiling Complete.
 Gypsum Suspended Ceilings complete.
 Ceramic tiles in progress to Bathrooms.
 Make Up Screed due to change from Marble to Porcelain Tiles.
 Paint Preparation ongoing.

Specialist Subcontractors
• Mhd. Darwish HVAC – Subcontract placed.
• Habbara – Embedded. Subcontract placed.
• Roof Waterproofing – Subcontract Placed.
• Doors & Windows – Subcontract Placed.
• G.R.C. – Subcontract Placed.
• Riyadh Stone – Subcontract Placed.
• Kitchen Units & Bedroom Closets Subcontract placed.
• Ceramic Tiles – P.O. Placed.
• Paint Preparation – Subcontract Placed.
• Ceramic Tile Installation Subcontract Placed.
• Vanity Unit Contract Addendum issued.
 MR. ZAKI VILLA
Continuation …..

Finishing Material Selections

• Sanitary Ware and Fixtures selected / approved. Quote under review.
• Interior Door design approved, Quotations under review.
• All floor tiles selected by Madam Fatima, Shop Drawings Approved.
• Granite Paving & Steps. P.O. Placed.
 AL-SUWAIDI CORPORATE OFFICE
• Interior Design & Elevation / Façade Enhancement, past drawings received
• Roof Parapet Blockwork to be demolished – Change to illuminated Aluminum
/ Glazed Panels.
• Electric 1st Fix to Blockwork & Concrete Walls complete 7th to 3rd Floors.
• Plastering Complete.
• Chiller Piping & Fire System Piping in progress
• Delay by P.B.C. for Roof Screeding due to late issue of Mechanical Shop
Drawings.

AL -FAKARIYAH MOSQUE
• Internal Plastering complete.
• Minaret 4m Plus R/C Structure to complete.
• Preparation for Roof Screed in progress.
• Preparation for External Plaster 90% complete.
Mr. Ajmi Villas – Al-Nawras

Villa concept revised Elevations approved.

Preliminary Baladiyah Permit issued and submitted to A.R.C.

Stage 1 – Engineering Design Drawings issued reviewed, comments

confirmed, Revision and Interior Design Schematic Designs in
Presentation held on the 28th March 2010. Final Comments issued
and discussed with Mr. June Snr Architect for inclusion in Final
Drawings.

Pre – Construction

Quotation received for Retaining Wall and Backfilling under review.

Madam Fatima Villa
P.M.S. quotation to be revised for new Villa Design.

Solicitation of Interest issued to Civil / Building Contractors.

Design Engineering Consultant (Hamid Bin Hamri) services terminated.

ARC quotation for Villa design approved and advance payment made.
Dina Village - (Private – Mr. Khalid M. Al-Suwaidi)

Baladiyah Building Permit submission waiting Saudi Electric Company

Approval.

Proposal to commence Retaining Wall Construction and Backfilling awaiting

Client Approval – Additional R.F.Q.s issued for this Work.

Three quotations received for Civil / Building Construction under review

together with Plumbing & Electrical.
Mr. Faisal Abdullah Fouad
Revised Layout drawings issued 27th October 2009 approved 6th December
2010.

Client selected own Design Consultant, P.O. Processed by SRE.

Design Consultant Services terminated.

New Design & Engineering Company from Riyadh employed by Client from
1st May 2010 – Client will require SRE P.M. Services when design is complete.
 PMS BUDGET FOR 2010
PMS REVENUE FOR 2009 AS AT 30 APRIL 2010

CONTRACT
ACCUMULATIVE BALANCE
A.1 CORPORATE OFFICE
(Construction Supervision & Admin) – SR 200,024.62 SR 349,959.28
B.1 ZAKI VILLA - SR 53,555.56 SR 66,944.52
D.1 MR. AJMI VILLAS - SR - SR 9,000.00
E.1 MR. ABDULLA FOUAD GARDEN AND
FACILITIES EXTENSION - SR - SR 111,200.00
---------------------- --------------------
Totals SR 253.580.18 SR 537,103.38
============= ============

* Planned Revenue 2010 - SR3,000,000.00 * Actual Revenue todate - SR 253,580.18

* Planned Net Profit 2010 – SR1,500,000.00 * Net Profit todate - SR 126,790.09

 PROJECT UNDER DESIGN
PROJECT MANAGEMENT SERVICES

1. Madam Fatima Villa - Project 1

- P.M.S. to be re-submitted

2. Mr. Ajmi Villas Al-Nawras

3. Dina Village (Mr. KMS) Prelim Design by SRE Complete.

- Baladiyah Approval for Compound at Al Nawras approved.
- Design Package by Al Id for Preliminary Approval ongoing.
- Tender Packages Prepared & Issued and Summaries in
progress.

4. Corporate Office – Interior Design.

5. Madam Fatima – 2 No Villa Type E – Project 2

 BID UNDER PROCESS / SUBMITTED
PROJECT MANAGEMENT SERVICES

1. Dina Village – PMS and Maintenance & Admin Services (Mr. KMS)
Quote ready.

2. Schlumberger Compound for S.S.C. Construction Costs submitted to S.S.C.

3. Madam Fatima revised P.M.S. New Villa.

4. Madam Fatima – 2 No Villa type “E”.

 EXPECTED INVITATION
PMS

Mr. Ajmi – P.M.S. Services from Design Approval to Project Completion.

S.S.C. - P.M.S. Full Services Package for Schlumberger Compound.

BID UNDER REVIEW

NONE

LOST BID ANALYSIS

NONE
 Special Villa Maintenance Services
1. Mr. Atif M. Al-Suwaidi – Extended for a 12 Month Period.

2. Mr. Jassim M. Al-Suwaidi - Extended for a 12 Month Period.

3. Mr. Khalid M. Al-Suwaidi - Extended for a 12 Month Period.

4. Mr. Salem M. Al-Suwaidi –Extended for a 12 Month Period.

That’s all for this Month
Gentlemen

Thank you.