Sumou Real Estate Company announced on October 20, 2025, the signing of an agreement with Diyar Real Estate Development Fund Company to develop and execute infrastructure works in North Obhor neighborhood in Jeddah. The contract, signed on October 19, 2025, covers a 960,000 square meter area with an estimated value of 135,000,000 SR excluding VAT. The project has a duration of 24 months from the issuance of required licenses and is expected to have a positive impact on the company's results.

Original announcement:

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