Saudi-based Al Baha Investment and Development Company said its key subsidiary, Elegant Centers, has bought a 25,058 sq m industrial plot in Riyadh from Saudi Modern Factory Company for SR24 million ($6.4 million).
The plot already has a 4,500-sq-m administrative building consisting of three floors, and a warehouse built on a 16,000 sq m area, said Al Baha Investment and Development Company in its filing to the Saudi bourse Tadawul.
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