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Saudi sees 15 projects worth SAR 6.6 bn awarded in January
Riyadh took the lion’s share of new projects for the month
STC increases voting rights in Spain’s telefonica
PLUS: MIS lands SAR 227.8 mn contract from SDAIA to expand the Naqaa Data Center
Acwa Power-backed firm to develop SAR 2.5 bn desalination plant
PLUS: Balady Poultry to embark on a SAR 1.1 bn expansion plan
Sedco Capital, Sumou Investment to launch SAR 8 bn real estate funds
The funds will target mixed-use and infrastructure projects across four cities
Umm Al Qura for Development to go public on Tadawul
The IPO will initially be limited to institutional investors
Sumou + Al Jazira to establish real estate fund
The new fund will acquire and develop land in Riyadh, Dammam, and Khobar
NHC signs SAR 30 bn agreements at Real Estate Future Forum
Saudi Arabia recorded SAR 27 bn in real estate sales in 2024
Foreign investors can now buy shares of listed companies with real estate assets in the holy cities
They are limited to a 49% maximum stake
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