Riyadh — Mubasher: MSGA Investment Company recently announced the completion of a land acquisition in the Tuwaiq district of Riyadh for a total consideration of SAR 14.69 million.
The transaction was finalized on 10 August 2026 and involves a residential plot spanning 6,509 square meters, according to a bourse filing.
The company purchased the asset from Wabel Abdulrahman Saleh Al Wabel using its own internal resources.
The total purchase price includes the real estate transaction tax and brokerage fees.
MSGA Investment intends to utilize the site for the development of a residential project comprising approximately 115 housing units, which aligns with its broader strategy of creating integrated residential communities.
The company expects the financial impact of this acquisition to be reflected positively in its income statements during 2027 and 2028.
MSGA Investment added that there are no related parties involved in the transaction, and the deal was concluded without any specific conditions.
