Al Akaria to launch new SAR 1bn unit

Riyadh – Mubasher: Saudi Real Estate (Al Akaria) has announced that the Ministry of Commerce and Investment has issued a decree permitting the company to incorporate a closed joint stock company under the name of Alwadian Saudi Real Estate Company.

The new company’s capital will reach SAR 1 billion divided into 100 million shares, according to a filing to the Saudi Stock Exchange (Tadawul).

Alwadian is planned to be headquartered in Riyadh, the company added in a statement.

Al Akaria's new unit will develop Alwadian Project on 7 million square metres land in Al Malqa district.

Mubasher Contribution Time: 12-Jul-2018 17:12 (GMT)
Mubasher Last Update Time: 12-Jul-2018 17:12 (GMT)

Request a Trial

Title:*
First Name:*
Last Name:*
Job Title:*
Phone:*
Company:*
Email:*
Country:*
Comments:
*Required Fields
 
Submit

Already Registered?

Username/ Email:
Password:
 
Login
Support & Feedback
Ask for free trial