‎Anaam buys residential, administrative constructing in Jeddah for SAR 23 mln

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Stamp of Anaam Worldwide Maintaining Community


Anaam Worldwide Maintaining Community purchased an administrative and residential constructing in Jeddah thru a public auction for SAR 23 million, the firm in a assertion on Tadawul this day, June 22.

The pass aims to make stronger the firm’s investments by procuring profits-generating resources and diversifying the group’s change within the staunch estate sector.

The property contains four situation of job floor, a floor floor, a basement, and 16 residences. Each floor spans over an space of 1,740 sq. meters.

The transaction used to be self-financed, with the firm paying the deal payment by a financial institution discover in desire of the seller, Jisr Al Namaa Proper Estate Office and Amin Al Saeed, on property transfer.

The deal’s financial impact is expected to copy on the firm’s revenues as of Q1 2023.