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Saudi Real Estate Co. (“Al-Akaria”) announces the signing of a contract with M/s Saudi Real Estate Construction Company (Tamear), one of its fully owned subsidiaries, to implement the works of the Tilal Al Riyadh mixed-use project in Al-Malqa district
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ALAKARIA
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1445/09/23 02/04/2024 08:17:19
| 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 |
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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