| Element List |
Explanation |
| Introduction |
View United Real Estate Development Company announces the signing of a contract to develop and sell a residential complex in Riyadh for 110 million riyals |
| Date of Announcement of the Award |
2024-03-28 Corresponding to 1445-09-18 |
| Contract Subject Matter |
Developing a residential complex in Riyadh |
| The Entity with Which the Contract was Signed |
Al Shams Holding Company |
| Date of Signing the Contract |
2024-03-28 Corresponding to 1445-09-18 |
| Contract Value |
The project's sales value is 110 million riyals |
| Contract Details |
A comprehensive development of the Al-Shams Holding Company project in the Al-Quds neighborhood in Riyadh, with a total area of 8,268 square meters. The project will include residential units consisting of villas, floors, and apartments, and the building surface area is 13,800 square meters. |
| Contract Duration |
16 months from the date of commencement of construction work |
| Financial Impact and the Relevant Period |
The signing of the contract aims to establish a residential real estate project and sell it, and it has a financial impact on the projects under implementation during the period of development, implementation and sale, and it is expected to have a positive impact on revenues immediately after the start of implementation operations after obtaining the necessary approvals and licenses for that. |
| Related Parties |
do not apply |
| Additional Information |
nothing |
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