Saudi Real Estate Co. (“Al-Akaria”) announces Project Award with Rezaik Abdullah Saeed Algedrawy Althabeti & Partners Co, to implement the residential complex (Fai Sedra 2) in Sedra district – Roshn, Riyadh | premargin

Saudi Real Estate Co. (“Al-Akaria”) announces Project Award with Rezaik Abdullah Saeed Algedrawy Althabeti & Partners Co, to implement the residential complex (Fai Sedra 2) in Sedra district – Roshn, Riyadh

TadawulOctober 16, 2025View on exchange

Element List	Explanation
Introduction	Saudi Real Estate Co. (“Al-Akaria”) announces 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 at a value of SAR 425 million (excluding VAT)
Date of Award	2025-10-15 Corresponding to 1447-04-23
Counterparty	Rezaik Abdullah Saeed Algedrawy Althabeti & Partners Co., Ltd
Project Value	SAR 425 million (excluding VAT)
Project Details	Award 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 value of executing the project works amounts to SAR 425 million (excluding VAT).
Related Parties	No related parties