Riyadh-Mubasher: Saudi Real Estate Co., known as Al Akaria, signed on Sunday a contract with KEO International Consultants for the design, construction management and supervision of Al-Akaria mixed-use project in Riyadh, the company said in a bourse statement.
The SAR 6.45 million deal gives KEO nine months for design and 30 months for construction management and supervision.
The deal does not have any financial impact on the company’s balance sheet in the short term, the statement added.
The stock closed Sunday 3.97% higher at SAR 17.79.
