On August 4, 2026, Hamad Mohammed Bin Saedan Real Estate Company announced the award of the HS Residences 2 project contract to Abaad Almamar Contracting Company, covering the construction of 60 residential units in Al-Arid District across a 6,030 sqm site. The total contract value amounts to SAR 19,780,000 (excluding VAT), with the contract expected to be formally signed on September 6, 2026. The project is designed to deliver modern residential units combining quality, privacy, and efficient use of space, reflecting the company's vision of developing sustainable residential communities.

Original announcement:

Important 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.