Sumou pens swap agreement in real estate projects

Sumou pens swap agreement in real estate projects

Sumou pens swap agreement in real estate projects Sumou Real Estate transferred part of its investment in Makkah Entrance Project to Sumou Holding for $21mln    Riyadh -  Sumou Real Estate Company and Sumou Holding Company signed a swap agreement on 30 December 2020.Under the agreement, Sumou Real Estate increased its additional contributions in Al-Dhahiya El-Ghrbiya Company in Makkah city by transferring part of Sumou Holding's investment for SAR 78.695 million, according to a bourse filing on Thursday.In return, Sumou Real Estate transferred part of its investment in Makkah Entrance Project to Sumou Holding for the same amount.Source: MubasherAll Rights Reserved - Mubasher Info © 2005 - 2020 Provided by SyndiGate Media Inc. (Syndigate.info).Zawya Coveragereal estateMountain View's success bucks Egypt's real-estate trends but faces oversupplymorning briefingSunday Outlook: Wall Street subdued; oil edges higher; gold set to shinetravel and tourismUAE hotels can get a boost from 'digital nomads': Jumeirah Group CEOmorning briefingThursday Outlook: Gold edges higher for best year in a decade; oil set for 20% drop in 2020morning briefingWednesday Outlook: Oil prices gain; Asian shares hit record highMoreReuters CoveragehealthThailand reports 315 new coronavirus cases in second wavemarketsMideast Stocks - Factors to watch on January 3politicsU.S. appeals court rejects lawmaker's bid