Asas Makeen pens SAR 99.7M contract for Riyadh residential project
In a statement to Tadawul today, July 21, the company said the 18-month contract entails implementing a residential project on a land area of 19,590 square meters. The project includes the development of 230 residential units, incoporating the highest standards of quality and urban integration.
The company also highlighted that this step aligns with its strategic direction to expand within the real estate development sector. This is by delivering high-quality projects that meet the Saudi market's needs, while also scaling up local residential offerings.
The contract is expected to positively impact Asas Makeen's results starting from the fourth quarter of 2025.
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