Ayedh Bin Farah Bin Al Mubarak Al Kahtani, the owner of Sumou Holding, which operates in Saudi Arabia and is considered one of the most important real estate companies in the region, sold his 57-acre land on the Bosphorus to businessman Nihat Özçelik.
The sale of the huge land registered under Al Kahtani’s company Kilyos İnvestment LTD was registered by being published in the trade registry gazette.
According to the news in Ekonomim, The information that the land changed hands was included in the trade registry gazette published on July 4, 2024. Nihat Özçelik’s name is included in the board of directors and authorities section of the announcement.
HOW MUCH WAS IT SOLD FOR?
The sales figure of the land was not included in the trade registry gazette, but According to the news in the Türkiye Newspaper Real estate experts emphasized that prices for land in the surrounding area range between 1 and 1.2 million per acre.
In this context, it is estimated that the sale of 57 acres of land was realized between 50 and 65 million dollars.
Source: www.cumhuriyet.com.tr
