19 Hrs
Source:
الاقتصادية
Martyr sells land for 168.9M riyals
Al Qoroa Development and Reconstruction Company sold a plot of land as part of the "Masar" project in Mecca for 168.91 million SAR, resulting in a capital gain of approximately 92.9 million SAR (book value of 76.01 million SAR). The land is located in the second zone of the project and covers an area of 2,500 square meters. It is expected that the sale will enhance the company's liquidity and financial results, as the proceeds will be used to fund current activities and development projects. This transaction aligns with the company's strategy to develop the "Masar" destination, which includes plans to sell and develop more lands and properties directly or through partnerships in the future.
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