Saudi's Al Naqool buys land plot for $4.26mln

The asset is located in Riyadh and spans an area of 3,990 square metres

  
Image used for illustrative purpose. A view shows buildings and the Kingdom Centre Tower in Riyadh, Saudi Arabia, January 1, 2017.

Image used for illustrative purpose. A view shows buildings and the Kingdom Centre Tower in Riyadh, Saudi Arabia, January 1, 2017.

REUTERS/Faisal Al Nasser

Riyadh –  Mohammed Hasan Al Naqool Sons Company has purchased a land plot for a total value of SAR 15.87 million in Al Malqa district, according to a bourse filing on Monday.

The asset, which is located in Riyadh and spans an area of 3,990 square metres, will be used in real estate development projects through Al Naqool’s recently established subsidiary Deer Real Estate Company.

This transaction is expected to reflect positively on the company and its operations.

Source: Mubasher

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