Saudi Arabia’s Abdullah Al Othaim Markets Sells Mall for SAR 361.26 mn

Saudi Arabia’s Abdullah Al Othaim Markets Sells Mall for SAR 361.26 mn

Saudi Arabia’s Abdullah Al Othaim Markets Co. is selling a shopping mall in Ha’el city, Invest-Gate reports.

Spanning across 61,045.29 square meters, the mall is sold to Investment and Real Estate Development for SAR 361.26 mn.

The sale process of this shopping mall is completed by transferring the title deed and receiving the sale price.

The deal is expected to achieve capital gains of SAR 115.66 mn or SAR 112.77 mn after zakat.

Menna A. Farouk 368 Posts

Menna A. Farouk is a Cairo-based reporter. She has contributed to several international news organizations, including Deutsche Welle, Al-Monitor and Global Voices.

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