The Saudi Khaled Al-Shebeily Investment and Real Estate Development Group announced that shares in its new project, the Shebeily High Rise are up for sale, reported Al-Sharq Al-Awsat . The 1.6 billion Saudi riyal ($427 million) building will be located along the eastern coastal region of Saudi Arabia.
This offer, which is the third of it kind to be made by the Shebeily Group, enables investors to enter a new venture with relatively high rates of returns. The group decided to publish 35,000 stocks for sale as of April 15 for per stock value of 27,500 Saudi riyals. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
