Sumou signs infrastructure development agreement for land in Riyadh with Adeer

03/10/2022 Argaam
Sumou Real Estate Co. headquarters

Sumou Real Estate Co. headquarters

Sumou Real Estate Co. signed, on Oct. 2, an infrastructure development agreement with Adeer Asar Real Estate Co. for an over three million square meter-land plot in Riyadh.  

 

The agreement is valid for 30 months from the signing date, Sumou said in a statement to Tadawul.

 

The Nomu-listed company will receive development fees at 8% of the project’s total cost.

 

The project is expected to have a positive impact on the company starting from the agreement date, Sumou added, noting that Adeer is a related party.

 

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.