Land suspension on "Al-Aqarya" north of Riyadh lifted; valued at 98.4 million riyals

The Saudi Real Estate Company has lifted the suspension on a 30,000-square-meter plot of land located in Al-Oress Street in north Riyadh, with an estimated book value of 98.4 million SAR. The land is situated within the commercial strip between King Fahd Road and Olaya Street. The company is currently studying the optimal uses for the land to enhance its value and develop its strategy. The lifting of the suspension did not have any immediate financial impact at this time, and the company continues to monitor developments in accordance with applicable regulations.