Retal Subsidiary Wins SAR 268M Al Khobar Construction Contract

RETAL

RETAL

4322.SA

0.00

On August 18, 2026, Retal Urban Development Company announced that its 80%-owned subsidiary, Building and Construction Company, signed a contract on August 17, 2026 with Remal Park Fund (an associate company) to execute design and building services works for the Remal Business Court project in Al Khobar city. The contract is valued at SAR 267,984,911 (excluding applicable taxes and fees), with no preferential terms or benefits, and is set to run for 12 months from the effective date of the agreement. The project is expected to have a positive financial impact on the company's results for the years 2026 and 2027.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=97673&anCat=1&cs=4322&locale=ar

Important Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.