| Element List | Explanation |
|---|---|
| Introduction | Retal Urban Development Company announces signing a contract with Building Construction Company (Subsidiary) to construct 60 residential units in Al-Mohammedia district located in Jeddah city without any preferential conditions or benefits. The project will be financed through available facilities and off-plan sales proceeds. |
| Date of Announcement of the Award | 2024-11-20 Corresponding to 1446-05-18 |
| Contract Subject Matter | Construction of 60 residential units in Jeddah city without any preferential conditions or benefits |
| The Entity with Which the Contract was Signed | Building Construction Company ( subsidiary) |
| Date of Signing the Contract | 2024-11-20 Corresponding to 1446-05-18 |
| Contract Value | 112.67 Million SAR (excluding taxes if applicable) |
| Contract Details | Construction of 60 residential units in Jeddah city |
| Contract Duration | 30 months from the effective date of the contract |
| 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 , 2025 ,2026 & 2027 |
| 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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