Arriyadh Dev inks MoU with Saudi Housing ministry for residential units

18/11/2018 Argaam

 

Arriyadh Development Co. (ARDCO) said that its Real Estate Development Fund on Nov. 15 signed a memorandum of understanding (MoU) with the Saudi Ministry of Housing to build residential units.

 

The new units will be built on the fund’s land for beneficiaries of subsidized housing programs.

 

No further details were mentioned about the deal value.

 

A final agreement will be signed later between both parties, the company added in a statement to Tadawul on Sunday.

 

ARDCO owns a 50 percent share in-kind worth SAR 573 million in the fund, which was set up by Alinma Investment Co., Argaam earlier reported.

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.