ماتاوان، نيوجيرسي،, May 16, 2025 (GLOBE NEWSWIRE) —  أعلنت مجموعة Hovnanian Enterprises, Inc. (NYSE: HOV)، وهي شركة رائدة في مجال بناء المنازل على مستوى الولايات المتحدة، عن توقيع مذكرة تفاهم استراتيجية بين شركتها التابعة في الشرق الأوسط، K. Hovnanian M.E. Investments, LLC، وهي شركة ذات مسؤولية محدودة، وشركة NHC، الشركة الرائدة في مجال التطوير العقاري في المملكة العربية السعودية. وقّع مذكرة التفاهم السيد Mohammad Albuty، الرئيس التنفيذي لشركة NHC، وAra K. Hovnanian، رئيس مجلس الإدارة والرئيس والرئيس التنفيذي لمجموعة شركات Hovnanian Enterprises, Inc وتم إضفاء الطابع الرسمي عليها في منتدى الاستثمار السعودي الأمريكي في الرياض في 13 مايو 2025، خلال الزيارة التاريخية للرئيس Donald J. Trump للمملكة.

ويأتي توقيع مذكرة التفاهم استكمالاً للزيارة الرسمية التي قام بها معالي وزير البلديات والإسكان الأستاذ Majed bin Abdullah Al–Hogail إلى الولايات المتحدة الأمريكية، مما يعكس استمرار التعاون والشراكات الاستثمارية المتنامية بين الجانبين.

وتستند مذكرة التفاهم إلى التعاون المستمر بين شركتي K. Hovnanian M.E. وNHC، وتتضمن تشكيل مجموعات عمل مشتركة والسعي وراء الفرص ضمن مشاريع شركة NHC، وكل ذلك دعماً لرؤية 2030 وإنشاء مجتمعات نابضة بالحياة وقابلة للعيش في جميع أنحاء المملكة العربية السعودية. تسعى هذه الجهود، التي تتوافق مع زيارة الرئيس Trump، إلى توسيع نطاق الاستثمارات الأميركية وتعزيز العلاقات التجارية مع المملكة العربية السعودية.

وستواصل مجموعة شركات Hovnanian، بخبرتها الواسعة في إنجاز أكثر من 376 ألف منزل في الولايات المتحدة على مدى ما يقرب من 70 عامًا، تعزيز خبرتها من خلال شركة K. Hovnanian M.E. Investments, LLC، التي تعمل في المملكة العربية السعودية من خلال مشروع مشترك مع شركة Hamad Bin Mohammed Bin Saedan بدأ منذ عام 2013، وقد أنجزت أكثر من 2450 منزلًا لمشترين المنازل السعوديين.

وأضاف Albuty: “تتمتع مجموعة شركات Hovnanian بخبرة واسعة في مجال بناء المنازل عالية الجودة، وسنعمل على استكشاف فرص التعاون للارتقاء بحياة المواطنين السعوديين من خلال التطورات المبتكرة التي تركز على تحسين نوعية حياة جميع أولئك الذين يعيشون في مشاريعنا ويزورونها”.

وقال Ara K. Hovnanian: “فخورون بتعميق شراكتنا مع شركة NHC، ونشرف بتوقيع هذه الاتفاقية خلال هذه الزيارة التاريخية”. “إن التحول الجريء الذي تشهده المملكة العربية السعودية في ظل رؤية 2030 يمثل فرصة فريدة للمساهمة بعقود من الخبرة في بناء المساكن في واحدة من أكثر مبادرات الإسكان طموحًا في العالم، ونتطلع إلى بناء مجتمعات تعكس طاقة المملكة وطموحها ورؤيتها للمستقبل.”

نبذة عن مجموعة شركات Hovnanian Enterprises, Inc.
تأسست مجموعة شركات Hovnanian Enterprises, Inc.، التي يقع مقرها الرئيسي في ماتاوان، نيو جيرسي، في عام 1959 على يد Kevork S. Hovnanian، ومن خلال الشركات التابعة لها، تُعد واحدة من أكبر شركات بناء المنازل في البلاد حيث لها سابقة أعمال في كلٍ من أريزونا وكاليفورنيا وديلاوير وفلوريدا وجورجيا وميريلاند ونيو جيرسي وأوهايو وبنسلفانيا وكارولينا الجنوبية وتكساس وفيرجينيا وغرب فيرجينيا. يتم تسويق وبيع منازل الشركة تحت الاسم التجاري K. Hovnanian^® Homes. بالإضافة إلى ذلك، فإن الشركات التابعة للشركة، كمطورين مجتمعات الفور سيزونز التابعة لشركة K. Hovnanian^®، تجعل الشركة واحدة من أكبر شركات بناء المجتمعات ذات نمط الحياة النشط في البلاد.

يمكن الوصول إلى معلومات إضافية عن مجموعة شركات Hovnanian Enterprises, Inc. من خلال تصفح قسم “علاقات المستثمرين” على الموقع الإلكتروني لمجموعة شركات Hovnanian Enterprises http://www.khov.com. لإضافة اسمك إلى قائمة البريد الإلكتروني للمستثمرين في Hovnanian، يُرجى إرسال بريد إلكتروني إلى [email protected] أو التسجيل على http://www.khov.com.

GLOBENEWSWIRE (Distribution ID 9453393)

MATAWAN, N.J., May 15, 2025 (GLOBE NEWSWIRE) — Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder across the United States, announced the signing of a strategic Memorandum of Understanding (MOU) between its Middle East subsidiary, K. Hovnanian M.E. Investments, LLC, and Saudi Arabia’s leading real estate developer NHC. The MOU was signed by Mr. Mohammad Albuty, Chief Executive Officer of NHC, and Ara K. Hovnanian, Chairman of the Board, President, and Chief Executive Officer of Hovnanian Enterprises, Inc., and formalized at the Saudi–U.S. Investment Forum in Riyadh on May 13, 2025, during President Donald J. Trump’s historic visit to the Kingdom.

The signing of the MOU builds on the official visit of His Excellency Majed bin Abdullah Al–Hogail, Minister of Municipal Rural Affairs and Housing, to the United States, reflecting the continued cooperation and growing investment partnerships between the two sides.

The MOU builds on the ongoing collaboration between K. Hovnanian M.E. and NHC and includes forming joint working groups and pursuing opportunities within NHC projects, all in support of Vision 2030 and the creation of vibrant, livable communities across Saudi Arabia. In line with President Trump’s visit, these efforts seek to expand U.S. investment and strengthen commercial ties with Saudi Arabia.

Hovnanian, with its extensive experience in delivering over 376,000 homes in the United States over nearly 70 years, will continue to leverage this expertise through K. Hovnanian M.E. Investments, LLC, which has been active in Saudi Arabia through a joint venture with Hamad Bin Mohammed Bin Saedan Company since 2013 and delivered over 2,450 homes to Saudi homebuyers.

“Hovnanian has a strong heritage in developing quality homes and we will be exploring collaborative opportunities to enhance the lives of Saudi citizens through innovative developments that focus on improving the quality of life of all those who live in and visit our developments.”, Albuty said.

“We’re proud to deepen our partnership with NHC and honored to sign this agreement during such a historic visit,” said Ara K. Hovnanian. “Saudi Arabia’s bold transformation under Vision 2030 presents a unique opportunity to contribute our decades of homebuilding experience to one of the most ambitious housing initiatives in the world. We look forward to building communities that reflect the Kingdom’s energy, ambition, and vision for the future.”

About Hovnanian Enterprises, Inc.
Hovnanian Enterprises, Inc., founded in 1959 by Kevork S. Hovnanian, is headquartered in Matawan, New Jersey and, through its subsidiaries, is one of the nation’s largest homebuilders with operations in Arizona, California, Delaware, Florida, Georgia, Maryland, New Jersey, Ohio, Pennsylvania, South Carolina, Texas, Virginia and West Virginia. The Company’s homes are marketed and sold under the trade name K. Hovnanian^® Homes. Additionally, the Company’s subsidiaries, as developers of K. Hovnanian’s^® Four Seasons communities, make the Company one of the nation’s largest builders of active lifestyle communities.

Additional information on Hovnanian Enterprises, Inc. can be accessed through the “Investor Relations” section of the Hovnanian Enterprises’ website at http://www.khov.com. To be added to Hovnanian's investor e–mail list, please send an e–mail to [email protected] or sign up at http://www.khov.com.

GLOBENEWSWIRE (Distribution ID 9452657)

MATAWAN, N.J., Aug. 29, 2024 (GLOBE NEWSWIRE) — Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder across the United States, announced the signing of a Memorandum of Understanding (MOU) between its subsidiary, K. Hovnanian M.E. Investments, LLC, and the Ministry of Municipalities and Housing of the Kingdom of Saudi Arabia. The MOU, signed under the patronage of His Excellency Majed bin Abdullah Al–Hogail, Minister of Municipalities and Housing and Chairman of the Saudi Real Estate Refinance Company (SRC), took place on August 21, 2024, during the Minister’s official visit to the United States.

The MOU, focused on fostering cooperation and strategic partnership in the real estate finance sector, was signed by Mr. Abdul Rahman bin Abdullah Al–Tawil, Deputy Minister for Residential Supply Stimulus & Real Estate Development, and Ara K. Hovnanian, Chairman of the Board, President, and Chief Executive Officer of Hovnanian Enterprises, Inc.

Hovnanian, with its extensive experience in delivering over 369,000 homes in the United States, will leverage this expertise through K. Hovnanian M.E. Investments, LLC to enhance the housing sector in Saudi Arabia.

This collaboration will bring global expertise, innovative homebuilding designs, and advanced construction technologies to Saudi Arabia, enhancing the development of integrated communities. The partnership will also focus on conducting joint workshops and preparing executive studies to expedite housing projects with greater efficiency and effectiveness, directly supporting Saudi Arabia's Vision 2030 and its objective to create vibrant neighborhoods and attract further investment in the housing sector.

“We are thrilled about the future of the Kingdom of Saudi Arabia and honored to contribute to Vision 2030 and its critical housing initiatives. This partnership enables us to bring our decades of experience in residential development to a dynamic and growing market, where we can help shape innovative communities that truly enhance the quality of life for their residents,” said Ara K. Hovnanian.

ABOUT HOVNANIAN ENTERPRISES, INC.:

Hovnanian Enterprises, Inc., founded in 1959 by Kevork S. Hovnanian, is headquartered in Matawan, New Jersey and, through its subsidiaries, is one of the nation’s largest homebuilders with operations in Arizona, California, Delaware, Florida, Georgia, Maryland, New Jersey, Ohio, Pennsylvania, South Carolina, Texas, Virginia and West Virginia. The Company’s homes are marketed and sold under the trade name K. Hovnanian^® Homes. Additionally, the Company’s subsidiaries, as developers of K. Hovnanian’s^® Four Seasons communities, make the Company one of the nation’s largest builders of active lifestyle communities.

Additional information on Hovnanian Enterprises, Inc. can be accessed through the “Investor Relations” section of the Hovnanian Enterprises’ website at http://www.khov.com. To be added to Hovnanian's investor e–mail list, please send an e–mail to [email protected] or sign up at http://www.khov.com.

FORWARD–LOOKING STATEMENTS

All statements in this press release that are not historical facts should be considered as “Forward–Looking Statements” within the meaning of the “Safe Harbor” provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward–looking statements. Such forward–looking statements include but are not limited to statements related to the Company’s goals and expectations with respect to its financial results for future financial periods and statements regarding demand for homes, mortgage rates, inflation, supply chain issues, customer incentives and underlying factors. Although we believe that our plans, intentions and expectations reflected in, or suggested by, such forward–looking statements are reasonable, we can give no assurance that such plans, intentions or expectations will be achieved. By their nature, forward–looking statements: (i) speak only as of the date they are made, (ii) are not guarantees of future performance or results and (iii) are subject to risks, uncertainties and assumptions that are difficult to predict or quantify. Therefore, actual results could differ materially and adversely from those forward–looking statements as a result of a variety of factors. Such risks, uncertainties and other factors include, but are not limited to, (1) changes in general and local economic, industry and business conditions and impacts of a significant homebuilding downturn; (2) shortages in, and price fluctuations of, raw materials and labor, including due to geopolitical events, changes in trade policies, including the imposition of tariffs and duties on homebuilding materials and products and related trade disputes with and retaliatory measures taken by other countries; (3) fluctuations in interest rates and the availability of mortgage financing, including as a result of instability in the banking sector; (4) adverse weather and other environmental conditions and natural disasters; (5) the seasonality of the Company’s business; (6) the availability and cost of suitable land and improved lots and sufficient liquidity to invest in such land and lots; (7) reliance on, and the performance of, subcontractors; (8) regional and local economic factors, including dependency on certain sectors of the economy, and employment levels affecting home prices and sales activity in the markets where the Company builds homes; (9) increases in cancellations of agreements of sale; (10) increases in inflation; (11) changes in tax laws affecting the after–tax costs of owning a home; (12) legal claims brought against us and not resolved in our favor, such as product liability litigation, warranty claims and claims made by mortgage investors; (13) levels of competition; (14) utility shortages and outages or rate fluctuations; (15) information technology failures and data security breaches; (16) negative publicity; (17) high leverage and restrictions on the Company’s operations and activities imposed by the agreements governing the Company’s outstanding indebtedness; (18) availability and terms of financing to the Company; (19) the Company’s sources of liquidity; (20) changes in credit ratings; (21) government regulation, including regulations concerning development of land, the home building, sales and customer financing processes, tax laws and the environment; (22) operations through unconsolidated joint ventures with third parties; (23) significant influence of the Company’s controlling stockholders; (24) availability of net operating loss carryforwards; (25) loss of key management personnel or failure to attract qualified personnel; (26) public health issues such as major epidemic or pandemic; and (27) certain risks, uncertainties and other factors described in detail in the Company’s Annual Report on Form 10–K for the fiscal year ended October 31, 2023 and the Company’s Quarterly Reports on Form 10–Q for the quarterly periods during fiscal 2024 and subsequent filings with the Securities and Exchange Commission. Except as otherwise required by applicable securities laws, we undertake no obligation to publicly update or revise any forward–looking statements, whether as a result of new information, future events, changed circumstances or any other reason.

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/2384d774–76f5–469c–a550–ca5978012c4f

https://www.globenewswire.com/NewsRoom/AttachmentNg/af226659–a9f4–4260–bd67–f25d3dec8f4e

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