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Sumou Real Estate Company announces the signing of development management agreement with regard to Alinma Al-Taif Real Estate Fund project in Al-Taif with Inma Gate Al Gharbia Investment and Real Estate Development Company
4323
SUMOU
1.39
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1445/11/01 09/05/2024 08:00:05
| Element List | Explanation |
|---|---|
| Introduction | Sumou Real Estate Company announces the signing of development management agreement with regard to Alinma Al-Taif Real Estate Fund project in Al-Taif with an area of 2,147,000 square meters, on 08-05-2024AD, corresponding to 29-10-1445 AH with Inma Gate Al Gharbia Investment and Real Estate Development Company |
| Date of Announcement of the Award | 2024-05-08 Corresponding to 1445-10-29 |
| Contract Subject Matter | signing of development management agreement with regard to Alinma Al-Taif Real Estate Fund project in Al-Taif with an area of 2,147,000 square meters, on 08-05-2024 AD, corresponding to 29-10-1445 AH with Inma Gate Al Gharbia Investment and Real Estate Development Company |
| The Entity with Which the Contract was Signed | Inma Gate Al Gharbia Investment and Real Estate Development Company |
| Date of Signing the Contract | 2024-05-08 Corresponding to 1445-10-29 |
| Contract Value | Sumou Real Estate Company will receive development management fees 21,470,000 SR during the contract period. |
| Contract Details | signing of development management agreement to Alinma Al-Taif Real Estate Fund project in Al-Taif with an area of 2,147,000 square meters, on 08-05-2024AD, corresponding to 29-10-1445 AH with inma Gate Al Gharbia Investment and Real Estate Development Company, Sumou Real Estate Company will receive development management fees 21,470,000 SR during the contract period |
| Contract Duration | 24months starting from the date of receiving permission to begin work from Al-Taif Municipality |
| Financial Impact and the Relevant Period | The project Is expected to have a positive impact on the company’s results from starting of the contract |
| Related Parties | N/A |
| Additional Information | N/A |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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Last Price 30.6
Net Change 0.42 (+1.39%)
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