premargin

Element List	Explanation
Introduction	Saudi Real Estate Co (“Al Akaria”) announces the awarding of the execution of Porta Jeddah project mixed-used in Jeddah (Package One) to Mounes Mohamed Alshayeb for Civil Construction (“MOBCO”). at a value of SAR 463,132,910 (excluding VAT)
Date of Award	2026-05-11 Corresponding to 1447-11-24
Counterparty	Mounes Mohamed Alshayeb for Civil Construction (“MOBCO”)
Project Value	SAR 463,132,910 (excluding VAT)
Project Details	The first package includes: - The structural works for all project components, including the hotel - The external facades - The electromechanical works for all project components, excluding the hotel - Public and landscaped area The value of executing the project works amounts to SAR 463,132,910 (excluding VAT))
Related Parties	No related parties.

Saudi Real Estate Co (“Al Akaria”) announces the awarding of the execution of Porta Jeddah project mixed-used in Jeddah (Package One) to Mounes Mohamed Alshayeb for Civil Construction (“MOBCO”).