MSGA Investment Sells Units to SAKAN for 13.5M SAR

Riyadh, Saudi Arabia – MSGA Investment has reached an agreement to sell residential units in the MSGA 30 Project to the Development Housing Foundation (SAKAN) for 13,473,000 SAR, not including real estate transaction tax and brokerage fees. Signed on October 14, 2026, the deal pertains to 25% of the project's residential units located in the Al-Safa District of Riyadh.

The transaction, between no related parties, involves SAKAN receiving ownership transfer within 60 days of signing. MSGA Investment clarifies that the stated contract price excludes real estate transaction tax and brokerage fees, meaning actual net revenue could differ. This sale marks a disciplined approach to monetizing project inventory through institutional channels, reducing execution risk and providing clearer revenue recognition timelines.

For investors, the deal signals MSGA Investment's commitment to converting project inventory into confirmed revenue. However, the 13,473,000 SAR figure does not represent the company's actual net inflow due to excluded taxes and fees. As such, investors must adjust conservative calculations for realistic revenue impact on Q4 2026 earnings.

With only 25% of the MSGA 30 units covered in this deal, the remaining 75% remains a critical factor for investors to watch, as sustained monetization would validate the company's project assumptions and market positioning in Al-Safa.