| Element List |
Explanation |
| Introduction |
Saudi Real Estate Co. (“Al-Akaria”) (The Company) announces the signing of a contract for the implementation of civil, structural, architectural, electromechanical, and external works for the Tilal Al Riyadh mixed-use Project in Al-Malqa District with the Saudi Real Estate Construction Company (Tamear), one of its fully owned subsidiaries, at a value of 159,629,540 Saudi riyals. |
| Date of Announcement of the Award |
2024-04-01 Corresponding to 1445-09-22 |
| Contract Subject Matter |
Implementation of civil, structural, architectural, electromechanical, and external works for the Tilal Al Riyadh mixed-use project in Al-Malqa district |
| The Entity with Which the Contract was Signed |
Saudi Real Estate Construction Company (Tamear) |
| Date of Signing the Contract |
2024-04-01 Corresponding to 1445-09-22 |
| Contract Value |
159,629,540 Saudi riyals |
| Contract Details |
Implementation of civil, structural, architectural, electromechanical, and external works for the Tilal Al Riyadh mixed-use project in Al-Malqa district |
| Contract Duration |
The contract implementation period is 22 months |
| Financial Impact and the Relevant Period |
The financial impact will appear on the financial statements starting from the second quarter of 2024 |
| Related Parties |
There are no related parties |
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