Saudi Real Estate Company intends to build and implement 511 residential units of residential villas and duplex models in the company's project “Al Dahiya” in Al Rimal neighborhood, by signing a contract with the contractor Saudi Real Estate Construction Company - owned by 60% - at a total cost of 538.28 million riyals.

Saudi Real Estate Company for Construction - owned by 60% - at a total cost of 538.28 million riyals.

Saudi Real Estate Company for Construction (SRC). In a statement on Tadawul, the company explained that the contract implementation period is 30 months starting from the date of handing over the site, indicating that the project will be financed through off-plan sales.

The company indicated in a statement on Tadawul. The company indicated that the impact of this project will appear on the financial statements starting from the fourth quarter of 2017, indicating that there are no related parties.