Anaam International Holding has announced the company's purchase of a real estate asset in the Kingdom of Saudi Arabia, with a total value of 23 million riyals, excluding real estate tax.

The company said in a statement to the Saudi market, Tadawul, today, Wednesday, that the property consists of an administrative residential building on Prince Muhammad bin Abdulaziz Street (Tahlia Street) (the most vital location in Jeddah city), and it consists of 4 floors, offices and apartments.

The company explained that the purpose of buying the property is to diversify the company's investments and acquire income-generating assets.

And she stated that the value of the deal will be paid by a bank check in favor of the seller when the property is emptied, explaining that the deal will have a financial impact on the company's revenues starting from the first quarter of 2023.< /p>