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0 0 0.00466401796510629 0.00855069960269472 -0.00155467265503535 -0.0110554499913629 -0.0145102781136638 -0.00440576956296419
Stock impact report

K. Hovnanian Middle East, Saudi Arabia Tourism Development Fund, and Emaar, The Economic City Sign MoU to Deliver Tourism Investment and Lifestyle Residential Projects in KAEC

Hovnanian Enterprises, Inc. Class A (HOV) 
US:NYSE Investor Relations: khov.com/investor-relations
Company Research Source: GlobeNewswire
RIYADH, Saudi Arabia, Feb. 03, 2026 (GLOBE NEWSWIRE) -- K. Hovnanian M.E. Investments, LLC (KHME), a subsidiary of Hovnanian Enterprises, Inc. (NYSE: HOV) and the majority shareholder of Al Tahaluf Real Estate Company, CJSC, has signed a Memorandum of Understanding (MoU) with the Tourism Development Fund (TDF) and Emaar, The Economic City (EEC) to enable high-quality tourism investment and lifestyle-focused residential opportunities in King Abdullah Economic City (KAEC). The parties signed the agreement during the Future Real Estate Forum 2026 in Riyadh. The MoU establishes a strategic framework for collaboration to advance globally competitive tourism, hospitality, and branded residential developments. It brings together KHME’s international experience in mixed-use, residential, and hospitality destinations, TDF’s mandate to accelerate tourism investment, and EEC’s vision for KAEC as a world-class coastal city. The partnership will initially focus on a landmark development direct Show less Read more
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