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Banan Real Estate takes control of Al-Aziza Real Estate as it raises stake to 46%

RIYADH: Banan Real Estate Co. announced on Thursday the acquisition of an additional 3.54 percent stake in Al-Aziza Real Estate Development and Investment Co., bringing its ownership to 46.04 percent. The value of the additional 35,416 shares was SR8.85 million ($2.3 million) and was financed from the company’s cash flows in 2022, the company said in a statement to the Saudi

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