Al Majdiah awards contracts for two residential projects

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.


Trade Arabia

News

Almarai ranks as the fourth most valuable dairy brand globally for third consecutive year

22/08/2025

For the third consecutive year, Almarai has been recognized as the fourth most valuable dairy company worldwide for 2025 by Brand Finance, the industry leader in brand valuation.

This rankin

Saudi Gazette

Saudi Arabia's Almarai to acquire Pure Beverages Industry Co. in $277m deal

16/06/2025

Saudi dairy giant Almarai has signed an agreement to fully acquire Pure Beverages Industry Co. for SR1.04 billion ($277 million), aiming to diversify its offerings and enhance its market position. <

Arab News

Saudi's Almarai Q4 profit down 4.3 pct, competition pressures prices

21/01/2018

Saudi Arabia's Almarai, the Gulf's largest dairy company, reported a 4.3 percent decline in fourth-quarter profit on Sunday due to tough market conditions that prevailed throughout 2017, missing some

Reuters

Most Viewed Companies

Ticker Price Volume

Valuation

ALMARAI Sector Market
P/E
Price/BookValue
Dividend Yield (%)

Momentum

Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg

Top Related Companies

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%)

Recent News

Gulf Bank launches Concierge App in collaboration with Peacock Concierge

06/03/2026

As part of its ongoing commitment to delivering innovative digital solutions that enhance customers' lifestyles, Gulf Bank has launched its new Concierge App in strategic collaboration with Peacock C

Kuwait Times

Union Properties joins Massachusetts institute's industrial liaison programme

06/03/2026

Union Properties, one of the UAE's leading master developers, said it has entered into a membership agreement with the Massachusetts Institute of Technology (MIT) through its globally recognised Indu

Trade Arabia

Emirates NBD waives ATM withdrawal and debit card fees across UAE and GCC

06/03/2026

Emirates NBD has waived a range of banking fees for customers across the UAE and the wider Gulf, making cash and card services easier to access during a period of heightened regional uncertainty.

Gulfnews

2PointZero buys majority stake in Italian packaging group ISEM for $192m

06/03/2026

2PointZero Group, a next-generation investment powerhouse focused on energy and consumer sectors, has announced that it has formally completed the transaction to acquire a majority position in ISEM,

Trade Arabia

SAL agrees $30m Aviapartner Liege acquisition to expand into Europe

06/03/2026

SAL Saudi Logistics Services Co. has agreed to acquire Belgium-based Aviapartner Liege SA for ?28 million ($30.3 million), giving the Saudi logistics firm a foothold at one of Europe's major air carg

Arab News

logo

Financial Information Co.

Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2025, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap