Enma Alrawabi Company announces the signing of a lease agreement for the Rawabi Zamzam Hotel with Al-Andalus Company, for Maintenance, Management, and Operation of Hotels and Residential Palaces
Business and transactions · 17 October 2024 · 15:54
Summary
The company leased the Rawabi Zamzam Hotel in Makkah to Al-Andalus Company for Maintenance, Management and Operation of Hotels and Residential Palaces for 6 years at SAR 13,800,000 a year (SAR 82,800,000 in total, including VAT), 50% above the previous contract.
A short summary written for this site from the official announcement. The official announcement prevails.
Key details
- Transaction value
- SAR 82,800,000 including VAT
- Annual rent
- SAR 13,800,000
- Term
- 6 years
- Tenant
- Al-Andalus Company for Maintenance, Management and Operation of Hotels and Residential Palaces
- Transaction date
- 17 October 2024
- Related parties
- None
Official source
View the official announcement(external site)
Read from the official announcement page (archived copy of 1 November 2024). Archived copy (external site)
Last checked 12 October 2026.