BRIEF-Retal Signs Development Management Agreement With Sakan Al-Malqa Real Estate

RETAL

RETAL

4322.SA

0.00

June 3 (Reuters) - RETAL URBAN DEVELOPMENT COMPANY SJSC 4322.SE:

  • RETAL URBAN DEVELOPMENT - SIGNS DEVELOPMENT MANAGEMENT AGREEMENT WITH SAKAN AL-MALQA REAL ESTATE

  • RETAL URBAN DEVELOPMENT - FEES ESTIMATED AT SAR 125.5 MILLION FOR 'RETAL HEIGHTS' PROJECT

  • RETAL URBAN DEVELOPMENT - RETAL WILL BECOME EXCLUSIVE DEVELOPMENT MANAGER OF THE PROJECT

  • RETAL URBAN DEVELOPMENT - FUND AIMS TO DEVELOP "RETAL HEIGHTS" MIXED-USE PROJECT WITH AN ESTIMATED PROJECT COST OF SAR 1.9 BILLION

  • RETAL URBAN DEVELOPMENT - CONTRACT DURATION 48 MONTHS FROM DESIGNATED COMMENCEMENT DATE

  • RETAL URBAN DEVELOPMENT - PROJECT EXPECTED TO HAVE POSITIVE IMPACT ON FINANCIAL RESULTS FROM 2026 THROUGH 2029

Source text: ID:nSSE4SZr1F

Further company coverage: 4322.SE


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