Retal inks 2 deals worth SAR 792M with ROSHN

02/10/2024 Argaam

Retal inks 2 deals worth SAR 792M with ROSHN

Logo of Retal Urban Development Co.

Retal Urban Development Co. signed, on Oct. 1, two agreements with ROSHN Real Estate Co., a subsidiary of the Public Investment Fund (PIF), to purchase and develop residential land plots for 644 housing units, along with infrastructure works in Sedra residential neighborhood in Riyadh.

 

For more news and details on the projects

 

In a statement on Tadawul, the company pointed out that the total value of the 36-month contracts amounted to SAR 792.02 million.

 

The project is expected to have a positive impact on Retal’s results during the project development period, from 2025-2027.

 

There are no related parties to the deal, the statement noted.

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