Logo of Banan Real Estate

Banan Real Estate Co. announced the completion of all legal procedures related to the acquisition of a commercial building located in Qurtoba district in Riyadh.

 

The company said in a bourse statement that the transfer of ownership of the property in the favor of the company has been completed and the acquisition value is SAR 73.1 million.

 

The company expects the impact of the acquisition to be positive and will lead to an increase in revenues starting from Q1 2022.

 

According to data compiled by Argaam, Banan Real Estate signed a contract to acquire a commercial building (Plaza 46) in Qurtoba district, Riyadh, for SAR 73.1 million.

 

The total land area is 6,400 square meters (sqm) while the total rental area is 5,200 sqm with annual income of SAR 6 million.

 

For More M&As

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Related News

Banan Real Estate acquires Riyadh commercial building for SAR 73.1 mln

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2024, Argaam Investment, All Rights Reserved
Call Request