In preparation to Disburse Shareholders Rights, Real Estate Committee Sells Kunuz Jeddah to Al-Mihaidib Group

15 Jan 2013

​Under the chairmanship of the Minister of Commerce and Industry, who is also the Head of Real Estate Committee Dr. TAWFIG FAWZAN ALRABIAH, the committee has awarded on 2/3/1434 corresponding to 14/1/2013, the selling of Kunuz Jeddah scheme plot, in Jeddah, to Al-Mihaidib Group at SR 165 per Sq.m and at a total sum of SR 82,500,000, as it provided the highest bid to buy.

The committee has announced, previously, the deadline for receiving of buying orders for the scheme, demonstrated the bids, prior to awarding it to Al-Mihaidib and sons group.

Kunuz Jeddah is an unique scheme approved by the Ministry of Municipal Affairs, with a size of Sq. m.500,000, situated in the South of Jeddah at the beginning of Jeddah Southern Corniche, giving to the sea and featuring a 100 per cent plain land.
Previously, the committee has sold Durat Al-Awali scheme in Makkah, with a net profit of 65 per cent.
Last Modified 26 Dec 2018