Hawyia completes Kham Al-Olaya auction in Al-Arid, sells building for SAR 455.9M

08:36 AM (Mecca time) Argaam
Hawyia Auctions expects the development to reflect positively on its results for period ending Dec. 31, 2025

Hawyia Auctions expects the development to reflect positively on its results for period ending Dec. 31, 2025

Hawyia Auctions Co. completed, on Dec. 3, the Kham Al-Olaya auction for a land plot in Al-Arid District, Riyadh. The property was sold to Al-Mahmal Real Estate Co. for SAR 455.92 million (excluding tax and commission).

 

In a statement to Tadawul, the company said this transaction is expected to have a positive impact on its financial results for the period ending Dec. 31, 2025.

 

This success aligns with the company’s ongoing efforts to market and sell real estate assets for various clients, the statement added.

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