Logo of Retal Urban Development Co.
Retal Urban Development Co. (Retal) intends to offer and list 12 million ordinary shares, representing 30% of its capital, on the main market, SNB Capital Co., the financial advisor, bookrunner, lead manager and underwriter on the potential offering, announced in a statement to the Saudi Exchange (Tadawul).
Tadawul approved Retal’s application to list of its shares on main market on Oct. 20, 2021, while the Capital Market Authority (CMA) approved the application on March 16, 2022.
The offering price will be determined after the book-building period, the statement noted.
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