National Mass Housing SAOC agree to acquire Shaden Development SAOC from Al Madina Investment Co. (SAOG) (MSM:AMII) and others on May 11, 2015. The Board of Al Madina Investment agreed with recommendation of the Board member of Shaden Development SAOC and recommendation of the Boards member of National Mass Housing SAOC, that National Mass Housing SAOC agree to acquire Shaden Development SAOC will be merged together. The general meeting of National Mass Housing SAOC and Shaden Development SAOC will be held for the recommendation.

National Mass Housing SAOC cancelled the acquisition of Shaden Development SAOC from Al Madina Investment Co. (SAOG) (MSM:AMII) and others on January 30, 2016.