| Element List | Explanation |
|---|---|
| Introduction | Retal Urban Development Co. signed an agreement to purchase and develop residential lands with Roshn Real Estate Co. a subsidiary of the Public Investment Fund, for the purpose of developing residential units in Sedra residential neighborhood in Riyadh city |
| Date of Announcement of the Award | 2023-11-28 Corresponding to 1445-05-14 |
| Contract Subject Matter | Conditional agreement to purchase lands for development purpose |
| Date of Signing the Contract | 2023-11-28 Corresponding to 1445-05-14 |
| Contract Value | SAR 374,760,000 |
| Contract Details | Total number of units is 363 units |
| Contract Duration | 36 months |
| Financial Impact and the Relevant Period | The project is expected to have a positive impact on the company's results during the project development period over the years 2024AD, 2025AD, and 2026AD |
| Related Parties | None |
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