| Element List | Explanation |
|---|---|
| Introduction | Retal Urban Development Company announces signing construction agreement on 28/01/2024 AD with Building Construction Company (Subsidiary) to construct 4 residential buildings in the city of Khobar without any preferential conditions or benefits |
| Date of Announcement of the Award | 2024-01-28 Corresponding to 1445-07-16 |
| Contract Subject Matter | Construction of 4 residential buildings in Alsadafah district in Khobar City without any preferential conditions or benefits |
| The Entity with Which the Contract was Signed | Building Construction Company (subsidiary) |
| Date of Signing the Contract | 2024-01-28 Corresponding to 1445-07-16 |
| Contract Value | 48 Million SAR (Not including taxes if applicable) |
| Contract Details | Construction of 4 residential buildings in Alsadafah district in Khobar City |
| Contract Duration | 20 months from the effective date of the agreements |
| Financial Impact and the Relevant Period | The project is expected to have a positive impact on the company's results post the start of the project execution for the years 2024 and 2025 |
| Related Parties | Member of the Board / Mr. Abdul Rahman Ibrahim Al-Jalal, and Member/ Mr.Abdullah Faisal Al-Braikan,CFO of Retal Urban Development Company/ Mr. Ammar Mohammed Al-Ghoul, and CEO of the Building Construction Company / Mr. Omar Ibrahim Al-Jalal. |
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