RIYADH: The Saudi-listed developer, Arriyadh Development Co., has acquired a commercial building at SR168 million ($44.7 million) in the north of Riyadh, according to a bourse filing.
The deal is part of plans to diversify the company’s real estate and investments portfolio, it said in a statement.
The building is located in Al-Malqa district, which is near the strategic intersection of King Fahd and King Salman roads in one of Riyadh’s fastest-growing districts.
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