Retal Urban Development Co. (4322)

Riyadh – Mubasher: Building Construction Company Limited, a subsidiary of Retal Urban Development Company, was awarded a SAR 2.89 billion project contract with Roshn Group. The listed company’s unit inked the deal with Roshn, owned by the Saudi …

Riyadh – Mubasher: Retal Urban Development Company has signed SAR 660 million sub-development agreements with Saudi state-owned National Housing Company to develop 295 residential Units in the Murcia zone in Riyadh's Khozam suburb. The two …

Riyadh – Mubasher: The net profits after tax of Retal Urban Development Company hiked by 49.92% to SAR 62.28 million in the first quarter (Q1) of 2024, versus SAR 41.54 million in Q1-23. The Saudi firm generated  revenues valued at SAR 500.63 …

Riyadh – Mubasher: Retal Urban Development Company has signed a SAR 240 million agreement with its subsidiary Building Construction Company to build eight residential buildings in Riyadh. The agreement was signed on 25 April 2024 for 26 months, …

Riyadh – Mubasher: Retal Urban Development Company reported a 17.66% year-on-year (YoY) decline in net profit to SAR 202.35 million in 2023 from SAR 245.74 million a year earlier. On the other hand, revenues surged 23.52% YoY to SAR 1.36 billion …

Riyadh – Mubasher: Retal Urban Development Company and its subsidiary Building Construction Company inked a SAR 48 million deal to construct four residential buildings in the Alsadafah district in Khobar. The agreement holds a duration period of …

Riyadh – Mubasher: Retal Urban Development Company signed an agreement to purchase residential lands with Roshn Real Estate Company, a subsidiary of the Public Investment Fund (PIF). The listed company will develop 363 residential units in the …

Riyadh – Mubasher: Retal Urban Development Company inked a contract with Jubail and Yanbu Industrial Cities Services Company (Jabeen) for a development project at an estimated value of SAR 1.20 billion. The two parties will establish primary and …

Riyadh – Mubasher: Retal Urban Development Company joined forces with the National Housing Company for two development projects at an estimated value of SAR 925 million. The agreements are expected to reflect positively on the Tadawul-listed …

Riyadh – Mubasher: Retal Urban Development Company reported a 20.32% decline in net profit after Zakat and tax to SAR 145.98 million in the first nine months (9M) of 2023, compared to SAR 183.20 million in the same period of 2022. Meanwhile, the …

Riyadh – Mubasher: Retal Urban Development Company and National Housing Company inked a development agreement worth SAR 418.31 million on 18 April, according to a bourse disclosure. Under the 42-month deal, the two companies will team up to …

Riyadh – Mubasher: Retal Urban Development Company has launched a private real estate fund under the name Rimal Park at an estimated value of SAR 65 million, which is equivalent to 33% of the fund's equity. Besides developing a business complex, …

Riyadh – Mubasher: Retal Urban Development Company and Roshn Real Estate Company penned two residential land purchase and development agreements worth SAR 356.89 million on 14 December 2022. Under the deals, the two firms will team up to establish …

Riyadh – Mubasher: Retal Urban Development Company inked a contract with Wajha Alpha for Investment Company, a real estate development fund managed by Alpha Capital, on 7 December 2022. The 30-month agreement covers the establishment, marketing, …

Riyadh – Mubasher: Retal Urban Development Company has signed a sub-development agreement with the National Housing Company (NHC) to develop 550 housing units in Al-Fursan district 2 in Riyadh at an estimated cost of SAR 605 million. The project …

Riyadh – Mubasher: Remal Al Khobar Real Estate Company, 50% owned by Retal Urban Development Company, signed a facility agreement (Tawarruq) worth SAR 150 million with the Tourism Development Fund (TDF). Remal obtained the financing on 5 October …

  Riyadh – Mubasher: Retal Urban Development Company sold its 50% share in a land plot spanning 250,000 square metres in Al Khobar city at a total cost of SAR 112.50 million on 28 September 2022. Located in Aziziya district, the asset’s book value …

Riyadh – Mubasher: Retal Urban Development Company has sold its 50% stake in land located in Al Khobar city to Maali Holding Company at a value of SAR 67.43 million. Built on an area spanning 44,959 square metres in Aziziya district, the asset’s …

Riyadh – Mubasher: Retal Urban Development Company has signed a sub-development deal with the National Housing Company at an estimated cost of SAR 864 million for a project in Riyadh. Under the 42-month agreement, the Saudi listed firm will …