Page 24 - KAEC PR REPORT - MARCH 2024

3/14/24, 1:18 PM Emaar EC signs land sale deal with Mohamed Yousuf Naghi Group
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Emaar EC signs land sale deal with Mohamed Yousuf
Naghi Group

12/03/2024 Argaam Share

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Market Indices
The signing ceremony
TASI 12,737.65 14.50 0.11 %
Emaar The Economic City (Emaar EC), the master developer of King Abdullah Economic 1 Day 5 Days 3 Months 6 Months Year 2 Years 5 Years All
City (KAEC), announced the signing of a land sale agreement with Mohammed Yousuf
Naghi & Brothers Group. Close : 12729.56 | Mar 14, 12:01 


The signing ceremony was held at KAEC's main headquarters, in the presence of senior 12,775.0
officials from both sides, Emaar EC said in a statement.
12,750.0
This strategic step embodies KAEC's growing status as a leading destination for 12,725.0
investments, companies and external developers. It also reflects Mohamed Yousuf Naghi 12,700.0
Group’s keenness to spur its investments in the new city, it added. 10:00 11:00 12:00 13:00

For its part, Mohammed Yousuf Naghi Group stated that its increased investment in More
KAEC stems from its confidence in the city's enormous potential, in light of the rapid
development it is witnessing. Quotes

The two companies did not disclose the size or value of the lands subject matter of the EMAAR EC 8.12 (0.04) (0.49%)
deal.
1 Day 5 Days 3 Months 6 Months Year 2 Years 5 Years All

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