Hamad Mohammed Bin Saidan Real Estate Company announces the award of the HS Residences 2 project for the construction of residential units in Al Arid District to Abaad Al Memar Contracting Company.

Hamad Mohammed Bin Saedan Real Estate Company awarded a SAR 19,780,000 contract (excluding VAT) to Abaad Almamar Contracting Company for the HS Residences 2 project.
The project involves the construction of 60 residential units in the Al-Arid District, covering a total area of 6,030 sqm.
The award was announced on August 4, 2026, with the contract signing expected to occur on September 6, 2026.
There are no related parties involved in this contract award.