| Element List | Explanation |
|---|---|
| Introduction | Sumou Real Estate Company announces the signing of the construction contract to execute the first phase of the basic infrastructure work for the Souq Al-Nafe’ project located in Mecca. |
| Date of Announcement of the Award | 2021-12-23 Corresponding to 1443-05-19 |
| Contract Subject Matter | construction contract to execute the first phase of the basic infrastructure work for the Souq Al-Nafe’ project. |
| Date of Signing the Contract | 2021-12-23 Corresponding to 1443-05-19 |
| Contract Value | (20,710,826) riyal. |
| Contract Details | Signing Construction contract to execute the first phase of the basic infrastructure work for Souq Al-Nafe’ project located in Mecca on an area of (1,321,749) square meters, which is one of the infrastructure projects that the company is developing, and the contract was signed with the contractor “Saif aljanoub Contracting Company”. |
| Contract Duration | 12 months from the date of handing over the project site to the contractor. |
| Financial Impact and the Relevant Period | The impact of this contract on the company’s result and revenues is expected to be positive effective after the completion of the project and leasing its components. |
| Related Parties | There are no related parties in this contract |
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