On August 24, 2026, Hamad Mohammed Bin Saedan Real Estate Company announced the signing of a construction contract with Raya Al Omran Contracting Company, executed on August 23, 2026, for the development of the "Dar Hamad 3" Project in Riyadh's Namar Suburb District. The turnkey contract covers the construction of modern-designed residential units on a land area of 9,600 square meters, with a total contract value of SAR 13,760,000 (excluding VAT) and a duration of 10 months. The project is part of the Company's residential portfolio and aims to develop sustainable residential communities combining quality, privacy, and efficient space utilization. The financial impact is expected to be reflected in the Company's results during the fourth quarter of 2027.

Original announcement:

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