Logo ofAsas Makeen for Real Estate Development and Investment Co.
In a statement to Tadawul, the company said the deal will be financed through a bank loan and part of its own resources, noting that there are no related parties to the deal.
For more news on listed companies
The company added it will develop the acquired land and construct residential units for sale, expecting the financial impact to appear as an increase in projects under development within current assets, with the effect reflected in 2026.
Logo ofAsas Makeen for Real Estate Development and Investment Co.
In a statement to Tadawul, the company said the deal will be financed through a bank loan and part of its own resources, noting that there are no related parties to the deal.
For more news on listed companies
The company added it will develop the acquired land and construct residential units for sale, expecting the financial impact to appear as an increase in projects under development within current assets, with the effect reflected in 2026.
