Saudi's AlZamel Real Estate Development to Acquire Residential Tower at Masar Front.
MANews-(C)2009-2022
Saudi Arabia-based Um Al-Qura Development and Construction Company, owner and developer of Masar Destination, and AlZamel Real Estate Development Company have signed an acquisition agreement, the companies said.
Under the deal, AlZamel Real Estate Development will become the owner of one of the luxury residential towers overlooking Masar Front at a value of SAR 500m (USD 133.125m).
The signing agreement took place between Um Al-Qura Development and Construction company's CEO, Yasser Abuateek, and AlZamel Real Estate Development Company chairman of the board of...
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