BRIEF-Red Sea International Updates On Award Of A Lease Contract To Invest In Land In Al-Madinah

RED SEA
Tadawul All Shares Index

RED SEA

4230.SA

0.00

Tadawul All Shares Index

TASI.SA

0.00

July 2 (Reuters) - RED SEA INTERNATIONAL COMPANY 4230.SE:

  • UPDATES ON AWARD OF A LEASE CONTRACT TO INVEST IN LAND IN AL-MADINAH FROM AL-MADINAH REGION MUNICIPALITY

  • LAND HAS BEEN HANDED OVER AND COMPLETION OF ALL PROCEDURES REQUIRED TO APPROVE INVESTMENT CONTRACT

  • PROJECT VALUE SAR 161.9 MILLION REPRESENTING TOTAL RENT VALUE OVER 50 YEARS LEASE CONTRACT

  • INVESTMENT TO CONSTRUCT, OPERATE AND MAINTAIN A MIXED-USE DEVELOPMENT ON ALLOCATED PLOT

Source text: ID:nSSE4N5vmH

Further company coverage: 4230.SE


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