BRIEF-First Avenue Signs Contract With Royal Commission For Makkah City And Jadwa Investment

FIRST AVENUE

FIRST AVENUE

9610.SA

0.00

June 25 (Reuters) - FIRST AVENUE FOR REAL ESTATE DEVELOPMENT 9610.SE:

  • FIRST AVENUE - SIGNS CONTRACT WITH ROYAL COMMISSION FOR MAKKAH CITY AND JADWA INVESTMENT

  • FIRST AVENUE - DEVELOPMENT FEE PAYABLE TO CONSORTIUM SHALL BE 15% OF ACTUAL PROJECT COSTS,

  • FIRST AVENUE - CONTRACT DURATION 180 DAYS

  • FIRST AVENUE - SALES COMMISSION FEE OF 2.5% OF PROJECT'S SALES VALUE PAYABLE TO CONSORTIUM

  • FIRST AVENUE-DEAL AIMS TO REGULATE RELATIONSHIP BETWEEN PARTIES, ESTABLISH GENERAL FRAMEWORK FOR DEVELOPMENT OF EAST HINDAWIYAH PROJECT IN MAKKAH

Source text: ID:nSSE2SJb69

Further company coverage: 9610.SE


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