GulfBase Live Support
16/09/2025 07:50 AST
Dar Al Majdiah Real Estate Company (Al Majdiah) has signed two contracts with Tatweej Contracting Company to implement two residential projects - one each in Riyadh and Jeddah - as part of the company's projects with the National Housing Company (NHC).
The Adeem Al-Fursan project in Riyadh is an off-plan development comprising 540 villas and townhouses. The SAR298.127 million ($79.47 million) contract comes within the company's commitment to its expansion plans to develop high-quality residential projects that align with Saudi Vision 2030 and meet the needs of the real estate market, said a company filing at the Saudi Exchange.
In another contract, Al Majdiah awarded the construction of the Khayala 1 residential project in Jeddah, which is also one of the company's projects with the National Housing Company (NHC) to Tatweej Contracting.
The project is an off-plan development comprising 528 residential units and the contract is valued at SAR155.48 million ($41.45 million).
The scope of the contracts includes construction, infrastructure, and all execution works in accordance with the approved specifications.
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| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| SADAFCO | 238.50 | -2.80 (-1.17 |
| SAVOLAGROUP | 24.30 | 0.00 (0.00 |
| NADEC | 18.42 | -0.10 (-0.54 |
| FIRSTMILLS | 49.74 | 0.30 (0.60 |
| MODERNMILLS | 31.60 | 0.44 (1.41 |
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