“Reconstruction” terminates the agreement to develop a real estate fund worth 2.1 billion riyals
Riyadh Development Company (Al Taameer) has terminated its appointment agreement as a developer of a real estate investment fund managed by Al Arabi Capital.
The company had announced on October 13, 2024 its appointment as a developer of a real estate investment fund with a size of 2.1 billion riyals managed by Al Arabi Capital.
The company said: The termination of the agreement came by agreement between the two parties, noting that the termination does not result in any financial impact on the financial statements, nor does it result in any Financial obligations, and does not affect the financial position and operational plans of the company.
She indicated that the termination decision came in light of the company’s review of its strategic priorities.
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