Kingdom Holding signs contract to sell piece of land in Riyadh

08/10/2012 Argaam

Kingdom Holding Company announces signing an agreement for the sale of 970,000 Sq m of Kingdom Projects land located east of the Kingdoms capital, Riyadh, on September 30, 2012 and had been set aside to be completed by other developers. The area was bought by Subul Development Co. for 250 million Saudi Riyals. The estimated profit from the sale is 143.7 million Saudi Riyals and will be included in the income statement for the third quarter of this year.

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