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Al-Risam Opens Corner Path Project in Mecca
Al-Ramiz Real Estate Company announced the launch of the "Misar Corner" project in Mecca, within the Misar Destination. The initial bookings for the units on the master plan reached approximately 670 million SAR by the end of the launch day. The project consists of two residential towers featuring 541 residential, commercial, and service units, covering a built-up area of nearly 125,000 square meters, with plans to complete construction and hand over the units by 2029. The official launch took place in Riyadh and attracted bookings from investors from 51 countries. The project is part of an agreement with the Ramz Al-Hijaz Fund, in which Al-Ramiz Real Estate owns 50%, while its management is handled by Al Rajhi Financial. The financial impact of the project will gradually reflect on the company's results between 2026 and 2029, in accordance with the progress rates and accounting standards.
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