Leading Saudi real estate company Al Tahaluf has announced that it has been rebranded as HOV Global CJSC following an increase in majority ownership by K. Hovnanian ME Investments, a subsidiary of Hovnanian Enterprises, one of the largest homebuilders in the US.
Al Tahaluf, a Saudi-US joint venture comprising a subsidiary of Hovnanian Enterprises and Hamad bin Saedan Real Estate Company, has unveiled its SAR1.07 billion ($291 million) residential community project - Soleya - within the King Abdullah Economic City (KAEC).
