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Symbol Gains Complete Control of Qurtubah 2
Al-Rama Real Estate Company announced its acquisition of all investor units in the Al-Ahli Allen Imbar Real Estate Fund, owner of the "Qurtubah 2" project in Riyadh. The move aims to strengthen the company's ownership of profitable real estate projects. Previously, the company owned 23% of the units, valued at approximately 40 million SAR, and will purchase the remaining shares for 133 million SAR, bringing its total ownership to 100%. The "Qurtubah 2" project is situated on a 130,400-square-meter plot of land and includes about 1,800 residential units, along with 250 commercial and office units. It is positioned to benefit from its strategic location in an area experiencing high demand and limited supply. This investment is expected to have a positive impact on the company's financial performance between 2026 and 2031.
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