On July 2, 2026, Retal Urban Development Company announced the signing of two conditional land purchase and development agreements with ROSHN Group, a Public Investment Fund (PIF) company, valued at SAR 123,830,000. The agreements, signed on July 1, 2026, pertain to the acquisition and development of residential lands in AlManar Community in Makkah Al-Mukarramah City, with a total of 163 residential units expected to be developed over a 36-month period. The project is anticipated to have a positive financial impact on the Company's results during the development years of 2027, 2028, and 2029.

Original announcement:

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