On June 3, 2026, Retal Urban Development Company announced the signing of a development management agreement with Sakan Al-Malqa Real Estate Company on June 2, 2026, to develop the "Retal Heights" mixed-use project in Riyadh City. The agreement, valued at SAR 125.5 million in estimated development fees, covers a 48-month period and involves managing design, development, execution, marketing, and sales phases for the SAR 1.9 billion project located on a 19,381.34 square meter plot in Al-Malqa district. The project is expected to positively impact Retal's financial results from 2026 through 2029, with Retal holding a 24.52% stake in the Fund.

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