Adeer Real Estate Signs Exclusive Millennium Hotel Marketing Agreement

ADEER

ADEER

9634.SA

0.00

On June 28, 2026, Adeer Real Estate Co. announced the signing of an exclusive marketing and sales agreement with Al Nubalaa International Real Estate Investment Company Limited on June 27, 2026. The six-month contract covers the marketing and sale of the Millennium Hotel in Makkah, which contains 850 hotel rooms and suites located in AlMasfalah District on Ibrahim Al Khalil Road. The contract value represents approximately 10% of Adeer Real Estate Company's revenue based on its latest audited annual financial statements. The agreement is expected to have a positive financial impact upon completion of the hotel sale and receipt of related fees.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=96417&anCat=1&cs=9634&locale=ar

Note: The original announcement does not explicitly specify a currency unit. Figures above are reproduced as-is. Please refer to the original announcement for details.

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