| Element List | Explanation |
|---|---|
| Announcement Detail | Sumou Real Estate Co. announces the signing of an agreement for developing and execution for a land located on Abqaiq Road, Dhahran (Hittin Project) with an area of (302,000) m2 with Sumou Holding Company (a related party). According to the agreement, the company will manage the development, execution, and marketing in return for a fee amounting to (SR 14,846,915), which will be paid on a quarterly basis during the agreement period of 12 months starting from the date of issuance of the off-plan sale license. |
It is expected that this agreement will have a positive financial impact on the company's revenues and results during the coming period.
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