Banan completes acquisition of Commercial Building in Riyadh

Banan Real Estate Company announced on Tuesday the completion of all legal procedures related to the acquisition of a commercial building located in the city of Riyadh, Qurtoba district, and the completion of transferring the ownership of the property.

This comes further to the announcement of Banan Real Estate Company published on 16.12.2021.

The acquisition value amounted SR73,100,000.

The company indicated on (Tadawul) platform that the impact of this acquisition will be positive and will lead to an increase in revenues starting from the first quarter of 2022, the company concluded. .