Kingdom Holding to buy plot of land from chairman AL-Waleed

29/02/2012 ِArgaam

The Kingdom Holding’s board of directors decided on 28/2/2012 to buy the Kingdom Oasis Riyadh Land of total area 3,867,000 in return for SAR 431,018,737. The plot is located in Riyadh and is owned by Chairman Prince Waleed bin Talal bin Abdul-Aziz. The price of the land is equal to its market value in 2007, i.e. SAR90/sqm, plus the development cost spent on the project.

The details of the deal will be reviewed by the general assembly for final approval.

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