Abdullah Al Othaim Markets Co. and Nojoom Al Salam Holding Co. have signed a strategic rental and joint projects agreement, Othaim said in a statement to the Saudi bourse, Tadawul.
The rental agreement covers Azizia Gallery on Nasr Road, and Netaq Plaza on Anas bin Malik Road in Riyadh, as well as Nojoom Al Salam Plaza on King Fahd Road in Khobar.
A second stage of the cooperation between the two companies will take place soon and will include seven projects in main cities in the Kingdom, according to Nojoom CEO Abdullah Al-Adheeb.
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