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Saudi Real Estate Co. (“Al-Akaria”) (The Company) announces the signing of a contract for the execution of the residential complex (Fai Sedra 1) in Sedra neighborhood - Roshn in Riyadh with Rezaik Abdallah Algedrawy Company
4020
ALAKARIA
-4.40
%
1445/06/08 21/12/2023 16:30:18
| Element List | Explanation |
|---|---|
| Introduction | Saudi Real Estate Co. announces the signing of a contract for the execution of the residential complex (Fai Sedra 1) in Sedra neighborhood – Roshn in Riyadh with a total number of 135 villas of various sizes starting from 250 square meters up to 600 square meters, on a land area of 43,468 square meters, with Rezaik Abdallah Algedrawy Company, for a total amount of 192,000,000 Saudi riyals |
| Date of Announcement of the Award | 2023-12-21 Corresponding to 1445-06-08 |
| Contract Subject Matter | Contract for the execution of civil, structural, architectural, and electromechanical works for the residential complex (Fai Sedra 1) in Sedra neighborhood - Roshn in Riyadh and completion, maintenance and remedy of any defects |
| Date of Signing the Contract | 2023-12-21 Corresponding to 1445-06-08 |
| Contract Value | 192,000,000 Saudi Riyal (Excluding Value Added Tax) |
| Contract Details | Contract for the execution of the residential complex (Fai Sedra 1) in Sedra neighborhood – Roshn in Riyadh with a total number of 135 villas of various sizes starting from 250 square meters up to 600 square meters, on a land area of 43,468 square meters |
| Contract Duration | 24 Months |
| Financial Impact and the Relevant Period | The financial impact will appear on the financial statements starting from the fourth quarter of 2023 |
| 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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Last Price 20.4
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