Retal Extends Ajdan Share Swap Deadline to December 2026

RETAL

RETAL

4322.SA

0.00

On August 3, 2026, Retal Urban Development Company announced the latest developments regarding its previously disclosed Share Swap Agreement (SSA) with AlFozan Holding Company, originally announced on February 15, 2026. Under the SSA, Retal agreed to acquire AlFozan Holding Company's entire 47.5% stake in Ajdan Real Estate Development Company, equivalent to 14,250,000 ordinary shares, in exchange for newly issued shares in Retal. As of August 2, 2026, both parties have agreed to extend the Long Stop Date under the SSA to December 31, 2026, in order to allow additional time to satisfy the conditions precedent under the agreement.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=97177&anCat=1&cs=4322&locale=ar

Note: The original announcement does not explicitly specify a currency unit. Figures above are reproduced as-is. Please refer to the original announcement for details.

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