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AlKuthari subsidiary awarded villa project in Oman
Al Kalthia Holding Company announced that its subsidiary, Masanada Al-Emdad Limited, has received a award letter for the implementation of a residential project in the Sultanate of Oman valued at approximately SAR 110 million. The project includes the construction of 160 villas within Package V1.1 and is expected to take 24 months to complete, with the contract signing anticipated in November 2026. The project reflects the company's strategy of international expansion and diversifying its sources of income, and its positive financial impact is expected to appear starting from the first quarter of 2027.
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