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FinancialNews


  • 14-12-22

    Saudi company ROSHN possess Riyadh Front to grow its contribution in capital

    (MENAFN) Saudi Arabia’s national real estate company ROSHN has possessed the shopping and business sector of Riyadh Front, a massive business and leisure improvement, as the public Investment Fund-supported firm seeks to grow its contribution in the nation’s capital.

    The acquisition of the current commercial and retail space, which is based next to to ROSHN’s flagship development business SEDRA, is an initial for the developer, as mentioned in a press statement.

    “As a national developer with a long-term vision, we see a unique opportunity to integrate the world-class commercial and retail real estate of Riyadh Front with our ground-breaking SEDRA community, providing residents with improved access to amenities, exclusive promotions, rewards programs, and e-commerce options. The potential synergies are immense,” according to David Grover, Chief Executive of ROSHN Group.

    The press statement also mentioned that ROSHN has also hit a property administration deal with Kaden Investment, the original owner of Riyadh Front.

    MENAFN14122022000045014228ID1105307954

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