| Introduction | Adeer Real Estate Company announces the signing of a contract with Hamad bin Abdullah Al Muhaisen , Nahdhat Al Mashaer General Contracting Company, and others, to market and sell their jointly owned raw land plot in the Al Kawthar district of Jeddah city, with a total area of 454,333.76 square meters. |
| Date of Announcement of the Award | 2025-12-01 Corresponding to 1447-06-10 |
| Contract Subject Matter | Contract between Adeer Real Estate Company, Hamad bin Abdullah Al Muhaisen , Nahdhat Al Mashaer General Contracting Company, and others, for the marketing and sale of their owned raw land plot in the Al Kawthar district of Jeddah city, with a total area of (454,333.76 square meters). |
| The Entity with Which the Contract was Signed | Hamad bin Abdullah Al Muhaisen , Nahdat Al Mashaer General Contracting Company, and others |
| Date of Signing the Contract | 2025-12-01 Corresponding to 1447-06-10 |
| Contract Value | The contract value is estimated at an approximate rate of 8% of Adeer Real Estate Company’s annual revenues, in accordance with the company’s latest approved financial statements. |
| Contract Details | A contract has been signed between Adeer Real Estate Company and Hamad bin Abdullah Al Muhaisen , Nahdhat Al Mashaer General Contracting Company, and others, to market and sell their jointly owned raw land plot in the Al Kawthar district of Jeddah city, with a total area of 454,333.76 square meters. |
| Contract Duration | The contract duration is 4 months starting from the date of signing |
| Financial Impact and the Relevant Period | This contract is expected to have a positive financial impact upon the sale and transfer of the land to the buyer and the collection of the Company’s fees. |
| Related Parties | N/A |
