Saudi Real Estate Co. aims to invest $1.6bn within 5 years, CEO says

Follow-ups -eshrag News:

Mon, 2022-06-06 18:16

RIYADH: Saudi Real Estate Co., also known as Alakaria, aims to invest SR6 billion ($1.6 billion) over the next five years, the firm’s CEO said in an interview with Al-Arabiya.

The investment is planned to be in existing projects between 35 and 45 years old, reviving multi-use projects and residential developments, Ibrahim Alwan added. 

This comes following the company’s general assembly agreement to raise the firm’s capital by 56 percent to reach SR3.75 billion.

Main category: 
Business & Economy

Noting that the news was copied from another site and all rights reserved to the original source.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button