Construction & Real Estate

Dar Al Majed inks $56m deal to develop key residential project in Riyadh

Saudi-based Dar Al Majed Real Estate Company has announced that it had signed an agreement with Jadwa Al Manzel Real Estate Fund to serve as the exclusive developer of a 27,000-sq-m residential project in Riyadh under a contract valued at SAR 211.6 million ($56.4 million). ...

Construction & Real Estate

Dar Al Majed Real Estate seals credit facilities deal with BSF

Saudi-based Dar Al Majed Real Estate Company has announced that it has expanded its credit facilities with Banque Saudi Fransi (BSF) to SAR684.5 million ($182.2 million) from SAR550 million ($146.4 million). This funding will be mainly used for Dar Al Majed’s expansion plans as well as development of its real estate projects. ...