News briefing · 7 October 2026
Al Kathiri Holding’s subsidiary Msandh Al Emdad received an award for a residential construction package in Oman’s Sultan Haitham City, Argaam reported on 7 October.
The package covers 160 villas within the Jood project and related grading work. Its award value is about OMR 11.29 million, or SAR 110 million, excluding VAT.
The final scope and contract value remain subject to value engineering and agreement between the parties. Implementation is planned over 24 months from an agreed start date. The company described it as the subsidiary’s first project outside Saudi Arabia, with expected financial effects starting in 2027.
Source: Argaam. Reporting date: 2026-10-07.
