Hamad Bin Saedan awards SAR 19.8M residential project contract
- Source
- Argaam - Company Disclosures
- Source link
- https://www.argaam.com/en/article/articledetail/id/1925942
- Published
- 2026-08-04 17:21:00
- Discovered by ProcIntel
- 2026-08-04 15:20:07
- Category
- Supplier Risk
- Geography
- Saudi Arabia, UAE
- Organisations
- —
- Review status
- Pending
- Record type
- REAL
Summary
<p><img src="https://argaamplus.s3.amazonaws.com/54bd9549-59b9-4b6d-84f7-5db6aa43ff98.png"></p> <p class="ckeCaption" >Logo of <span >Hamad Mohammed Bin Saedan Real Estate Co.</span></p> <hr> <div data-olk-copy-source="MessageBody" ><a href="https://www.argaam.com/en/tadawul/nomu/hamad-bin-saedan-real-estate" target="_blank">Hamad Mohammed Bin Saedan Real Estate Co.</a>awarded the <a href="https://www.argaam.com/en/disclosures/projects/details/projectid/2304" target="_blank">HS Residences 2</a> residential project in Al Arid district to Abaad Almamar Contracting Co.</div> <div> <p ></p> <p >The project aims for the construction of 60 residential units, with a total value of SAR 19.78 million (excluding VAT).</p> <p ></p> <p >In a statement to <strong>Tadawul</strong>, the company said HS Residences 2 is part of its residential project portfolio, spanning 6,030 square meters and featuring modern designs focused on quality, privacy and efficient use of space to meet the needs of different customer segments.</p> <p ></p> <p >The award was made on Aug. 4, with the contract expected to be signed on Sept. 6.</p> <p ></p> <p >The company added that there are no related parties involved.</p> </div>
Procurement Relevance Gate
- geographic_exposure (weight 8) — matched on "2 linked geographies"
Initial Signal Assessment ProcIntel's automatic, provisional read of this individual Signal -- Initial Significance and Initial Confidence, computed deterministically before any Event extraction or human review.
A provisional, automatically-computed reading of this individual Signal, before Event extraction or human review. Not a final rating.
Not Assessed — this Signal did not pass the Procurement Relevance Gate, or is fictional/excluded test data.