AnnouncementDetails

Actions

Saudi Real Estate Infrastructure company (Binyah), a subsidiary of Saudi Real Estate Company "ALAKARIA" announces a saigning contract with Misk Foundation

Element ListExplanation
Introduction Saudi Real Estate Company announcing that one of its subsidiaries Saudi Real Estate Infrastructure company (Binyah) has signed a contract with Misk Foundation to design and implement car bridge and associated roads and utilties in addition to earth works related to the project with an amount of SAR 356,283,799.00
Date of Announcement of the Award 2020-02-26 Corresponding to 1441-07-02
Contract Subject Matter design and implement car bridge and associated roads and utilties in addition to earth works related to the project
Date of Signing the Contract 2020-02-26 Corresponding to 1441-07-02
Contract Value SAR 356,283,799.00
Contract Details Design and implement car bridge and associated roads and utilties in addition to earth works related to the project
Contract Duration 18 months
Financial Impact and the Relevant Period The Financial Impact of the project will be refelected through out the fiscal year 2020 and Q1, Q2 of the year 2021
Related Parties No relevant Parties
Additional Information Binyah Company is considered as one of the national companies specialized in the implementation of Infrastructure development works in which Saudi Real Estate Company possesses (60 %). As it specializes in roads, bridges, tunnels works, construction and installation of water and sewage networks, construction and installationof electricity and energy transfer and distribution networks, telecommunication networks, construction of public parks and gardens and irrigation networks, dams constructions, manufacturing and selling of readymade concrete for infrastructure work purposes

The Capital Market Authority and the Saudi Stock Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

Company Profile

Actions

Company Profile

Summary

Last Price Net Change
12.2 0.14 (+1.16%)
Value Traded (SAR) Volume Traded
2,592,398.3 212,698