To empower the younger generation to fulfill their role in the development and advancement process, on 16 September 2012 HE Sheikh Thani bin Abdullah resigned his position as Chairman of the Board of Ezdan Real Estate Company; giving his place to HE Sheikh Dr Khalid bin Thani Al Thani, to devote his time to lead SAK Company (spc) one of his companies working in real estate development and transform it to a holding group, and instill the spirit of ambition in SAK holding group to become one of the leading and distinct companies in Qatar and the region, strong enough to keep pace with Qatar National Development Strategy. On 17 December 2012, SAK Holding Group purchased Ezdan Trading & Contracting Company, one of Ezdan Real Estate Company subsidiaries, which was constructing and build all its urban projects, and annexed it to SAK Holding Group, and named it SAK Trading & Contracting. The new company will continue to build ERES projects and at the same time build SAK Holding Group future projects capitalizing on five decades of experience in the contracting business.

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