02:34 AM EDT, 07/19/2026 (MT Newswires) -- The board of Banan Real Estate (SASE:4324) cleared the establishment of a new subsidiary that will purchase and develop land plots. The property group said Sunday that the unit, which aims to boost its investment asset portfolio, will have a capital of 44.1 million Saudi riyals. The company added that it will hold a 60.47% stake in the new entity.

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