Dar Al Majed Real Estate Wins SAR115 Million Residential Tower Development Deal in Saudi Arabia

03:10 AM EST, 12/14/2025 (MT Newswires) -- Dar Al Majed Real Estate (SASE:4326) said Sunday it secured a real estate development deal worth 115.5 million Saudi riyals from the Jadwa Al-Manzel Real Estate Fund. Under the 42-month agreement, the real estate company will construct, manage and market a 3,250-square-meter plot of land for a residential tower project in Riyadh, Saudi Arabia. Dar Al Majd Real Estate owns 10% of Jadwa Al-Manzel Real Estate Fund's units.