Al-Akaria's Binyah Wins Expo 2030 Riyadh Early Works Contract
ALAKARIA 4020.SA | 0.00 |
Saudi Real Estate Co. ("Al-Akaria") announced on November 23, 2025, the signing of a Framework Agreement with Expo 2030 Riyadh Company for its subsidiary Saudi Real Estate Infrastructure Company ("Binyah") to execute Early Works for the Expo 2030 Riyadh project. The agreement, signed on November 20, 2025, covers demolition, earthworks, and logistics activities to support the project's early works and site logistics. The four-year agreement involves the Public Investment Fund as a related party, with Binyah owning 60% of Al-Akaria and specializing in infrastructure development works. The financial impact will be determined based on assigned works.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=91663&anCat=1&cs=4020&locale=arImportant Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.
