Al Akaria: Al Remal District residential villas 85.3% complete

02/12/2019 Argaam

 

Saudi Real Estate Co. (Al Akaria) said the residential villas at Al Remal District are 85.3% complete.

 

The project is expected to be finalized by Oct. 31, 2020, the company said in a bourse statement, adding that the project delay led to a cost change.

 

The Saudi real estate developer said it has recently obtained an off-plan marketing license, and is set to obtain an off-plan sale permit.

 

The contract has no material impact on its financial results, the statement added.

 

In June 2017, Al Akaria signed a construction contract with its 60 percent-owned subsidiary Saudi Real Estate Construction Co. to build 511 residential units at a total cost of SAR 538.2 million in Al-Remal District.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

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

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
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.