02:28 AM EDT, 08/27/2026 (MT Newswires) -- MSGA Investment Co. (SASE:9655) subsidiary MSGA Al-Oula Real Estate Development Co. signed a non-binding memorandum of understanding with Riyadh Holding Co. to explore development opportunities for a land plot in the Al Mahdiyah District of Riyadh, Saudi Arabia. The memorandum will establish a framework to explore potential development opportunities, with any material development to be disclosed in due course, according to a Thursday filing from the property development company. The memorandum has a duration of one year.

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