Saudi-based MSGA Investment Company has signed a SAR13.47 million ($3.5 million) agreement with the kingdom's Developmental Housing Foundation (Sakan) for the sale of residential units within its premium project - MSGA 30 project - at Al Safa district in Riyadh.

The deal covers 25% of the project's residential units, said MSGA Investment Company in its filing to Saud bourse Tadawul.

The ownership of these units will be transferred within 60 days from the contract’s signing date.

On the financial impact, MSGA said the transaction will have a positive financial impact on its results starting from Q4 2026, it added.-TradeArabia News Service