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Al-Kathiri subsidiary awarded 160 villas in Oman
Al Kathiri Holding Company announced that its subsidiary, Masanada Al-Emdad Limited, has received a award letter for the implementation of a residential project in the Sultanate of Oman, valued at approximately SAR 110 million. The project involves building 160 villas in Sultan Hitham City. The construction is expected to take 24 months, with the contract signing anticipated in November 2026. The positive financial impact of the project is expected to reflect on the company's results starting from the first quarter of 2027. This project marks Masanada Al-Emdad's first expansion outside of Saudi Arabia and aligns with Al Kathiri Holding’s strategy for international expansion and diversification of income sources.
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