First Avenue for Real Estate Development Co. (9610)

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News

25 June 03:20 PM Almajdiah enters into framework agreement for project in Makkah

Riyadh – Mubasher: Almajdiah Real Estate Company has signed a framework agreement for the development of the Eastern Hindawiyah area in Makkah, according to a bourse filing. The agreement was penned on 24 June 2026 to establish the legal and …

Real estate

25 June 10:37 AM Edaa completes securities quantity increase for First Avenue

Riyadh – Mubasher: The Securities Depository Center Company (Edaa) announced the implementation of a securities quantity increase for First Avenue for Real Estate Development Company, according to an official statement. The adjustment was applied …

Markets Regulations

23 June 10:53 AM First Avenue discloses details, supplementary results of EGM

Riyadh – Mubasher: First Avenue for Real Estate Development Company has issued a supplementary announcement regarding the outcomes of its ninth Extraordinary General Assembly meeting, which was originally convened on 16 June 2026. The latest …

Companies Investments

17 June 09:11 AM First Avenue’s shareholders approve SAR 95m capital raise

Riyadh - Mubasher: Shareholders of First Avenue for Real Estate Development Company have approved a substantial capital increase and a strategic share buyback program during an extraordinary general meeting (EGM) held on 15 June. The assembly, …

Company News

1 June 02:32 PM First Avenue holds 45% of consortium for SAR 2bn project in Makkah

Riyadh - Mubasher: First Avenue for Real Estate Development Company has joined a consortium, with 45%, for the development of East Hindawiyah District in Makkah, which forms part of the Makkah Informal Settlements Development Program. The project …

Real estate

1 June 11:40 AM Al Majdiah, First Avenue awarded SAR 2bn project deal in Makkah

Riyadh - Mubasher: Dar Al Majed Real Estate Company (Al Majdiah) was awarded a project contract for developing the Eastern Al Hindawiya site in Makkah under the supervision of the Royal Commission for Makkah City and Holy Sites. The alliance …

Companies Investments

27 May 01:50 PM First Avenue to discuss SAR 95m capital increase in mid-June assembly

Riyadh – Mubasher: First Avenue for Real Estate Development Company will hold its extraordinary general meeting (EGM) on 15 June 2025 to review the proposed 46.34% increase of the company’s capital. According to official records, First Avenue …

Corporate Actions

22 December 2025 07:06 PM First Avenue acquires new tower in Riyadh for SAR 310m

Riyadh - Mubasher: First Avenue for Real Estate Development Company has acquired the ‘Capital Avenue – Al Qirawan’ tower in Riyadh at a cost of approximately SAR 310 million. The transaction was executed by purchasing all partners’ stakes in the …

Companies Investments

1 October 2025 08:59 AM First Avenue to expand development projects via SAR 315m loan

Riyadh - Mubasher: First Avenue for Real Estate Development Company obtained a SAR 315 million Shariah-compliant financing from Bank Aljazira on 29 September. The six-year facility will enable the company to implement its real estate projects and …

Banking and Finance

2 June 2025 10:54 AM First Avenue secures SAR 320m financing from Alinma Bank

Riyadh – Mubasher: First Avenue Real Estate Development Company renewed and increased its SAR 320 million facility deal with Alinma Bank on 31 May 2025. The loan was secured by promissory notes to the amount of the total facilities limit and a …

Companies Investments

20 April 2025 03:32 PM First Avenue rolls out SAR 188m acquisition deal

Riyadh – Mubasher: Al Shate’a Real Estate Fund, in which First Avenue Real Estate Development Company holds a 15% stake, has acquired a commercial plot of land in the Al Shate’a district of Jeddah. Located on Sari Street and spanning nearly 15,000 …

Companies Investments

26 January 2025 04:57 PM First Avenue unveils nearly SAR 183m brokerage, sale agreements

Riyadh – Mubasher: First Avenue Real Estate Development Company inked a real estate brokerage agreement with Sarah Al Lu'lu'a Real Estate Company at a value of SAR 57 million. The two entities signed the sale and purchase agreement (SPA) on 23 …

Companies Investments