ASAS Makeen, TSH sign MoU for real estate projects
Asas Makeen Real Estate Development and Investment Co. (ASAS Makeen) signed today, June 22, a memorandum of understanding (MoU) with The Securities House Co. (TSH), a Kuwait-based listed shareholding company.
The MoU aims to explore cooperation in real estate development across Saudi Arabia, the company said in a statement on Tadawul.
The agreement focuses on identifying and executing investment opportunities in strategic projects. It also involves developing real estate products that meet market needs and align with modern industry trends.
The MoU is valid for one year and will renew automatically, ASAS Makeen noted, adding that there are no related parties to the deal.
The company confirmed that it will disclose any material developments regarding the deal in due course.
The MoU is part of ASAS Makeen's strategy to expand its operations and supports Vision 2030 goals for enhancing the real estate sector and improving development quality.
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