Al-Majdiyah Secures 185M Riyal Property Deal
Dar Al-Majid Real Estate Company ("Al-Majidiyah") announced the signing of a real estate development agreement with Jadaa Real Estate Fund. The project involves developing 296 residential units, including villas and apartments, in the Hadria neighborhood of Madinah, along with the development of the public area of the central zone. The total cost of the works is estimated at 185 million riyals, covering design, planning, supervision, and marketing, with an implementation period of up to 24 months. The project's results will gradually reflect on the company’s financial statements during the execution period. The agreement also involves an interested party, AbdulSalam Al-Majid, who is a board member of the fund.
Notice: This Is an AI-Generated Summary
Comments (0)