Riyadh - Real Estate Construction Company (Tamear), a wholly-owned subsidiary of Saudi Real Estate Company (Al Akaria), signed an allocation agreement with the National Housing Company.

Under the deal, Tamear will establish 1,000 housing units in Al Mashreqiya project with a total amount of up to SAR 600 million, Al Akaria said in a bourse disclosure on Thursday.

The financial impact will be reflected in the company's revenues during the fourth quarter (Q4) of 2021.

 

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2021 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.