10:03 AM EDT, 07/30/2026 (MT Newswires) -- Banan Real Estate's (SASE:4324) board approved plans to establish a subsidiary to be named Emaar Al Waseel Al Mutamayza Co. The property group will hold a 60.47% stake in the new entity, which has an issued share capital of 44.1 million Saudi riyals, according to a Thursday release.

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