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Saudi Real Estate Co and Alinma Investment buy 1.8 bln riyals of land
The company did not name the seller of the land, which spanned 4.5 million square metres.
The investment will be financed through a real estate fund to be managed by Alinma Investment after licencing and regulatory approval has been given by the Saudi Arabian Capital Market Authority.
The land will be used for property projects, it said.
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