Inmar Real Estate Development and Investment Company announced the signing of a lease agreement for Rawabi Al Zahra Hotel with Rawabi Al Zahra Hotel Services Company
Business and transactions · 28 September 2026 · 15:58
Summary
The company leased the Rawabi Al Zahra Hotel in Madinah to Rawabi Al Zahra Hotel Services Company for two years, at SAR 19.55 million a year including VAT (SAR 39.1 million in total), for use as a hotel. No related parties are involved.
A short summary written for this site from the official announcement. The official announcement prevails.
Key details
- Property
- Rawabi Al Zahra Hotel, Madinah
- Tenant
- Rawabi Al Zahra Hotel Services Company
- Term
- Two years
- Annual rent
- SAR 19.55 million including VAT
- Transaction value
- SAR 39.1 million including VAT
- Related parties
- None
Official source
View the official announcement(external site)
Title and date read from the company's official announcement list (archived copy of 12 October 2026). Archived copy (external site)
Details also from: Mubasher (English) (external site)
Last checked 17 October 2026.