Dubai: The Saudi Arabian fund responsible for what will become the world’s tallest tower has been acquired in a $1.8 billion (Dh6.6 billion) transaction.
Kingdom Holding Company, Sumuo Holding Company, and Jeddah Economic Company (JEC) have finalised an agreement to acquire the real estate fund Al Inma Jeddah Economic Fund, currently owned by JEC.
Established in 2009, JEC is a collaboration among prominent real estate and development entities including Kingdom Holding Company, Abrar Holding Company,…
