Al Akaria pens SAR 532.1M deal with Diriyah Gate

12/05/2024 Argaam
Logo ofSaudi Real Estate Co. (Al Akaria)

Logo of Saudi Real Estate Co. (Al Akaria) 

Saudi Real Estate Co. (Al Akaria) signed on May 9 a contract worth SAR 532.1 million, inclusive of VAT, with Diriyah Gate Development Authority (DGDA) for the implementation of excavation works for Car Park A, Car Park B, and related works, according to a filing to Tadawul.

 

The contract duration is 437 days, the company said, adding that the financial impact will be reflected in results for the period between Q4 2023 and Q1 2025.

 

The Public Investment Fund (PIF) is a related party, the statement added.

 

In December 2023, Al Akaria's subsidiary, Saudi Real Estate Infrastructure Co. (Binyah), was awarded this contract from the Diriyah Gate Development Authority (DGDA), according to data available with Argaam.

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.