Newsroom

Hassana signs a development agreement with Mashareq

Hassana signs a development agreement with Mashareq

January 24, 2023

Hassana signs a development agreement with Mashareq.

The Investment Company “Hassana”, the investment manager of GOSI “the organisation”, signed a development agreement with Mashareq Investment Company with the aim of developing and investing the organisation’s land located on the Eastern Ring Road in Al-Hamra district, in the city of Riyadh on an area estimated at 45 thousand square meters. The agreement was signed by Hassana, Executive Director of Local Real Estate, Mr. Abdullah Al-Rumaizan, and Mashareq was represented by the Chief Executive Officer, Eng. Abdulaziz Al-Zamil, in the presence of the CEO of Hassana Company, Mr. Saad bin Abdul Mohsen Al-Fadhli, and the Chairman of the Board of Directors of Mashareq, Mr. Hizam Bin Salama bin Saidan. It is noteworthy that Mashareq Investment Company was established in 2005 from an alliance between Tatweer Group and Al-Zamil Group, as one of the most prominent companies operating in the office and hospitality sectors. The company is also active in the tourism sector, which is considered one of the main pillars of the Kingdom's Vision 2030. Achieving the investment strategy of Hassana Company, as it is a continuation of its methodology and strategy based on maintaining the diversity of the real estate portfolio in terms of the size and nature of investments.