MSGA Investment Acquires Riyadh Land Plot for SAR 14.7M
MSGA 9655.SA | 0.00 |
On August 11, 2026, MSGA Investment Co.(9655.SA) announced the completion of its acquisition of a residential land plot spanning 6,509 square meters in the Tuwaiq district, Riyadh, from seller Wabel Abdulrahman Saleh Alwabel, with the transaction dated August 10, 2026. The purchase price totaled SAR 14,694,790, inclusive of Real Estate Transaction Tax and brokerage fees, financed entirely from the Company's own resources. The acquisition is intended to support the development of a residential project comprising approximately 115 residential units, in line with the Company's strategy to develop integrated residential projects. The financial impact of the transaction is expected to be reflected positively on the Company's results during 2027 and 2028.
Original announcement:
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