Saudi developer Etqaan Real Estate is set to launch projects worth SR3billion ($800 million), reported Arab News. 

 

A total of six projects will be auctioned by the developer within the coming three months, stated the report citing the company’s chairman.

 

The move comes amid efforts by Etqaan Real Estate to grow and expand its reach across the kingdom, stated Abdulaziz Alrasheed.

 

When asked in an interview by CNBC Arabiya, Alrasheed said the firm plans to join the kingdom’s listing wave.

 

"We are working on a plan for an initial public offering, whether on the parallel market or the main market, he added.