YAHTco is also involved in ventures and projects development. Normally, a business idea is either initiated by YAHTco or by someone else, where YAHTco then undertakes the responsibility of developing and promoting it from the market study stage to full implementation stage. YAHTco is always the leading partner in such ventures and seeks other reputable businessmen to invest in these ventures as partners.
One example of most successful ventures is the National Installment Company (Al Takseet), which was established in 1989 to provide consumers’ financing. It is now a leading closed joint stocks company with a turnover of over 70 million US$ in 2008 . Mr. Yousif Al Hamdan has been the Chairman since establishment. For more information, please visit: www.takseet.comtakseet
Finally, Mr. Al Hamdan is the main owner and President of YAHTco. He is a graduate with both BBA and MBA from the University of Texas in Austin. He had been the Deputy Minister Of Commerce of Saudi Arabia between 1975 – 1980. He was elected for 12 years to Riyadh Chamber of Commerce and Industry and served as the Vice-Chairman till 1992. He was the first Saudi to be elected in 1990 to the executive board of the Paris based International Chamber of Commerce. He was board member of various local and foreign organizations and forums including Saudi Industrial Fund(SIF), Saudi Standard Orgnization(SASO), Saudi Ports Autority, National Industrial Co (NIC), Riyadh Bank, General Organization for Defence Industries ,etc.
Mr. Bader Y. Al Hamdan who has BA degree from King Saud University and some graduate studies from New Zealand plus some years of experience in The Saudi Stocks Market Authority serves as Executive Vice President . Also,the group Vice President is Mr Zuhair Sami Nihad who is US citizen with Industrial Engineering degree from University of Texas with over 25 years experience in business management in USA, Kuwait, and Lebanon.