Saudi Real Estate Co. (“Al-Akaria”) announces Contract Sign Off with Rezaik Abdullah Saeed Algedrawy Althabeti & Partners Co.,Ltd to implement the residential complex (Fai Sedra 2) in Sedra district – Roshn, Riyadh
| Element List | Explanation |
|---|---|
| Introduction | Referring to the announcement made by Saudi Real Estate Co. (“Al-Akaria” or “the Compnay”) regarding the Project Award for the implementation of residential complex “Fai Sedra 2” (310 villas of various sizes) in Sedra district – Roshn, Riyadh with Rezaik Abdullah Saeed Algedrawy Althabeti & Partners Co., Ltd on 16th October 2025.
The Company would like to announce that it has signed on 04/11/2025, a contract for the implementation of residential complex “Fai Sedra 2” (310 villas of various sizes) in Sedra district – Roshn, Riyadh with Rezaik Abdullah Saeed Algedrawy Althabeti & Partners Co., |
| Date of Announcement of the Award | 2025-10-16 Corresponding to 1447-04-24 |
| Contract Subject Matter | Execution of the civil, structural, architectural, MEP, and external works for the “Fai Sedra 2” residential complex in Sedra district – Roshn, Riyadh, comprising a total of 310 villas of various sizes ranging from 250 sqm to 450 sqm, on a land area of 92,450 sqm. |
| The Entity with Which the Contract was Signed | Rezaik Abdullah Saeed Algedrawy Althabeti & Partners Co., Ltd |
| Date of Signing the Contract | 2025-11-04 Corresponding to 1447-05-13 |
| Contract Value | SAR 425 million (excluding VAT) |
| Contract Details | Execution of the civil, structural, architectural, MEP, and external works for the “Fai Sedra 2” residential complex in Sedra district – Roshn, Riyadh, comprising a total of 310 villas of various sizes ranging from 250 sqm to 450 sqm, on a land area of 92,450 sqm. |
| Contract Duration | (730) Seven hundred and thirty calendar days |
| Financial Impact and the Relevant Period | The financial impact will appear on the financial statements starting from the fourth quarter of 2025 |
| Related Parties | No related parties |
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