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Osus and Alinma Investment

Calendar Icon 19 Oct 2023

Osus Company, represented by its CEO Dr. Mohammed Al-Mujidel, announces the signing of an agreement with Alinma Investment AlinmaInvest.

Alinma Retail REIT Fund, represented by Mr. Mazen Fawaz Baghdadi, CEO and Managing Director of Alinma Investment, has finalized the acquisition of Al-Makan Mall by Osus Company in exchange for two new properties in the northern part of Riyadh. The total value of the assets involved in the transaction is expected to exceed 1 billion Saudi Riyals.

The acquired properties boast prime strategic locations in Riyadh, marking a successful deal between Osus and Alinma Investment, paving the way for further real estate prosperity.