MSGA Investment Signs MoU With Riyadh Holding for Land Development

MSGA

MSGA

9655.SA

0.00

On August 27, 2026, MSGA Investment announced the signing of a non-binding Memorandum of Understanding (MoU) between its subsidiary, MSGA Al-Oula Real Estate Development Company, and Riyadh Holding Company. The MoU establishes a framework to evaluate and explore potential development opportunities for a land plot owned by Riyadh Holding Company, located in Al Mahdiyah District, Riyadh. The agreement is valid for one year from the signing date, with no related parties involved and no immediate financial impact, with any material developments to be disclosed in accordance with applicable laws and regulations.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=97825&anCat=1&cs=9655&locale=ar

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