A PIONEER OF Saudi Arabia’s property industry, Al-Shelash is the chairman of Dar Al-Arkan Real Estate Development Company, the largest developer in the kingdom. Despite predicting that housing supply will lag behind demand for the foreseeable future, Al-Shelash’s Dark al-Arkan suffered a disappointing Q4 with a 26.3 per cent fall in net profit. The company’s real estate arm is set to spend over $267 million on projects in 2015, aiming for 10 per cent growth, according to Al-Shelash, who is also chairman and nonexecutive director of Bahrain based Bank AlKhair.