(MENAFN) Saudi Real Estate Co, in association with Alinma Investment, is set to purchase USD479.78 million of land in Riyadh, according to a corporate statement, Reuters reported.
The plot, owned by an unidentified seller, is spread over 5 million square meters and is set to be dedicated for several real estate and property projects.
The deal will be funded through a real estate finance to be managed by Alinma Investment after licensing and regulatory approval has been given by the Saudi Arabian Capital Market Authority.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.