Retal sees no impact from new Riyadh landlord-tenant regulations

Logo of Retal Urban Development Co.

Retal Urban Development Co. said in a statement to Tadawul that the implementation of new regulatory provisions governing landlord-tenant relationships in Riyadh will have no material impact on its financials.

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On Sept. 25, the Saudi Cabinet approved the regulatory provisions for landlord-tenant relations, in line with directives previously issued by Crown Prince Mohammed bin Salman to introduce a package of new measures for the Riyadh rental market, according to Argaam data.