MSGA Investment enters into roughly SAR 13.5m sale agreement

MSGA
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Riyadh – Mubasher: MSGA Investment announced the signing of a contract to sell residential units within its MSGA 30 Project to Development Housing Foundation (SAKAN), according to a bourse filing.

The agreement is valued at SAR 13.47 million, excluding real estate transaction tax and brokerage fees.

The contract involves the sale of 25% of the residential units located in the Al Safa district of Riyadh.

Under the terms of the agreement which was signed on 14 October 2026, the transfer of ownership for these units is scheduled to be completed within 60 days.

MSGA Investment expects the transaction to have a positive financial impact on its results starting from the fourth quarter (Q4) of 2026.

The listed company further confirmed that there are no related parties involved in the deal.

MSGA 30 Project is one of the key developments by MSGA Investment in the capital city, aimed at expanding its residential portfolio through strategic partnerships with national housing entities.

Source: Mubasher Source: {{details.article.source}}