IssuerAnnouncementDetailsV2Portlet
Actions
Sumou Real Estate Company Announces the signing of a contract with Jubail & Yanbu Industrial Cities Services Company “JABEEN” for the Purpose of develop primary and secondary infrastructure works in addition to design and construct 1104 Residential Units In Yanbu Industrial City
4323
SUMOU
-0.25
%
1445/12/27 03/07/2024 08:04:43
| Element List | Explanation |
|---|---|
| Introduction | Sumou Real Estate company signed a contract with Jubail & Yanbu Industrial Cities Services Company “JABEEN” to develop primary and secondary infrastructure works in addition to design and construct 1104 residential units with all it's required services in Yanbu industrial city with a total project value estimated at 1.3 Billion SR |
| Date of Announcement of the Award | 2024-07-02 Corresponding to 1445-12-26 |
| Contract Subject Matter | Signing a contract with Jubail & Yanbu Industrial Cities Services Company “JABEEN” to develop primary and secondary infrastructure works in addition to design and construct 1104 residential units in Yanbu industrial city, in accordance with contracts for purchasing residential units to be signed between Jubail & Yanbu Industrial Cities Services Company “JABEEN” and industrial companies through the housing ownership program of those companies, with a total project value estimated at 1,300,000,000 SR (1 Billion , Three hundred million saudi Riyals) |
| The Entity with Which the Contract was Signed | Jubail & Yanbu Industrial Cities Services Company (JABEEN) |
| Date of Signing the Contract | 2024-07-02 Corresponding to 1445-12-26 |
| Contract Value | Total estimated project value 1.3 Billion SR |
| Contract Details | Signing a contract with Jubail & Yanbu Industrial Cities Services Company “JABEEN” to develop primary and secondary infrastructure works in addition to design and construct 1104 residential units in Yanbu industrial city, in accordance with contracts for purchasing residential units to be signed between Jubail & Yanbu Industrial Cities Services Company “JABEEN” and industrial companies through the housing ownership program of those companies, with a total project value estimated at 1,300,000,000 SR (1 Billion , Three hundred million saudi Riyals) |
| Contract Duration | The contract is effective from the date of signing, and the development and implementation period is 36 months, starting from the date of signing the purchase contracts with industrial companies |
| Financial Impact and the Relevant Period | It is expected that the project will have a positive impact on the company’s results starting from the beginning of the development and implementation work on the project. |
| 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.
Share
Company Performance
SUMOU
Add To Watchlist
In your Watchlist
Add To Watchlist
Key Parameters
Last Price 39.4
Net Change -0.1 (-0.25%)
Value Traded (Sar) 1,431,572.96
Volume Traded 36,221
LoginPortletPopupv2
Actions
AddtoWatchlistv2
Actions