Logo of Retal Urban Development Co.
Retal Urban Development Co. signed on Nov. 28 an agreement with Roshn Real Estate Co., a subsidiary of the Public Investment Fund (PIF), to purchase and develop residential land for housing units in Sedra residential neighborhood in Riyadh.
In a statement on Tadawul, the company said that the contract is worth SAR 374.76 million and has a term of 36 months, with the target to develop 363 units.
The project is expected to have a positive impact on the Retal’s results during the project development period, from 2024-2026.
No related parties are included in the deal, the statement said.
Comments
{{DisplayName}}
{{ElapsedTime}}