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- Riyad Bank Gets $1.5 Billion as Mideast Loans to Asia Hit Record
- Riyad Bank begins dollar-denominated debt issuance with $200,000 minimum
- NBK bags seven Brandon Hall awards for excellence in community initiatives
- Goldman Sachs tops global M&A rankings with $1.48tn in deals
- Trump's Venezuela oil grab revives 'petrodollar' debate
- Kuwait Bourse closes higher
- QEWC launches new identity, changes name to 'Nebras Energy'
- Eurozone economy ends 2025 on benign note even as risks linger
- QCB foreign reserves rise 2.65% in December to QR261.868bn
- NBB receives Deutsche Bank Client Excellence Award at Sibos
27/10/2025 03:01 AST
Saudi-based Sumou Real Estate Company has announced the signing of an infrastructure development works contract with Diyar Real Estate Development Company (a key entity which represents a real estate fund managed by Sedco Capital Company) for a project in the port city of Jeddah.
As per the SAR135 million ($36.01 million) deal, the company will develop and execute infrastructure works on a 960,000-sq-m project located in the North Obhur neighborhood in Jeddah, said Sumou Real Estate Company in its filing to the Saudi bourse Tadawul.
The entire work will be completed within a two-year period, it stated.
The project is expected to have a positive impact on the company's results, it added.
Trade Arabia
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| MASAR | 18.42 | 0.14 (0.76 |
| JABALOMAR | 15.27 | 0.11 (0.72 |
| DARALARKAN | 15.90 | 0.01 (0.06 |
| MCDC | 84.95 | 1.95 (2.34 |
| CENOMICENTERS | 19.90 | 0.15 (0.75 |
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Financial Information Co.
Saudi Arabia