| Element List | Explanation |
|---|---|
| Introduction | Retal Urban Development Company has signed two agreements to purchase and develop residential lands with ROSHN Group, a Public Investment Fund Company, with the aim of developing residential units in AlManar Community in Makkah Al-Mukarramah City |
| Date of Announcement of the Award | 2026-07-01 Corresponding to 1448-01-16 |
| Contract Subject Matter | Conditional agreements to purchase lands for the purpose of developing it for residential use |
| The Entity with Which the Contract was Signed | ROSHN Group, a Public Investment Fund (PIF) Company |
| Date of Signing the Contract | 2026-07-01 Corresponding to 1448-01-16 |
| Contract Value | SAR 123,830,000 |
| Contract Details | The total number of units expected to be developed is 163 residential units |
| Contract Duration | 36 months to develop the residential units |
| Financial Impact and the Relevant Period | The project is expected to have a positive impact on the Company's results over the project's development period, for the years 2027G, 2028G, 2029G |
| Related Parties | N/A |
| Additional Information | For any inquiries, please contact Investor Relations Department at: |
+966138013803
or by e-mail:
IR@retal.com.sa
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