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English news

15-Jul-2018

Al Akaria establishes SAR1bn company to develop Al Wadian project

Saudi Real Estate (Al Akaria) announced that the Ministry of Commerce and Investment has issued a decree permitting the company to incorporate a closed joint-stock company under the name of Al Wadian Saudi Real Estate Company. The new company’s capital will reach SAR1bn, divided into 100mn shares. Al Wadian is planned to be headquartered in Riyadh. It will develop Al Wadian project on a 7mn-sqm land area in Al Malqa district.

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