Sumou Real Estate Company announces the signing of development and marketing management agreement for the Residential villas project in Eastern Province - Dhahran
| Element List | Explanation |
|---|---|
| Announcement Detail | Sumou Real Estate Company announces the signing of development and marketing agreement to build and sell (190) residential villas within a residential complex (compound) on area of (59,584) m2 located on Eastern Province – Dhahran. In return, the company will receive a fee equal to (10%) of the total cost payable during the agreement period of (24) months starting from the date of issuance of the off-plan sale license. The agreement was signed with Mr. Tarek bin Abdulhadi El-Qahtani on 7-11-2021.
The impact of this agreement on the company’s result and revenues is expected to be positive effective from the date of issuance of the off-plan sale license. |
Comments