“Umm Al -Qura” expects two agreements to sell two plots of land worth 438.8 million riyals
A company announced "Umm Al -Qura for Development and Reconstruction" About signing my agreement to reserve with a group company "Musa Abdul Aziz Al -Mousa and his children real estate Holding" To sell two plots of land with a total area of 4,886 square meters within the project of a path destination in Makkah Al -Mukarramah. "Saudi Arabia trading"Today, Monday, the memo was signed yesterday, Sunday, to extend 6 months, with an agreed total sale value of 438.8 million riyals (the first land value is 237.36 million riyals, and the second 201.46 million riyals) for the purpose of developing hotel units. The conflict is valid. "Mother of the villages" To the reflection of a positive impact on the liquidity from receiving the amount of the deposit when signing the two reservation agreements, and a positive impact on the financial results when completing the sale process or with the end of the period of the reservation agreements, while it will announce any fundamental developments in this regard at the time.
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