Saudi Real Estate Company (Al Akaria) bought a 7.1 million square meter landin northern Riyadh for SAR 2.13 million on which to build realty projects to revive its income.
The company paid up a hundred million riyals as downpayment and the remaining sum will be released on handover, a filing to Tadawul said.
The deal was financed by a four-year, SAR 2.2 billion Sharia-compliant facility from the National Commercial Bank (NCB).
Comments
{{DisplayName}}
{{ElapsedTime}}