| Element List | Explanation |
|---|---|
| Introduction | Retal Urban Development Company announces that it has received a letter of award from the National Housing Company (NHC) in Al Fursan Suburb - third area - in Riyadh City, which aims to develop 4,839 residential units (villas\apartments), in addition to the execution of the project’s infrastructure, where the estimated value of the project is 5.2 billion Saudi Riyals. |
| Date of Award | 2025-11-17 Corresponding to 1447-05-26 |
| Counterparty | National Housing Company (NHC) |
| Project Value | Total Estimated value amounted to 5.2 billion Saudi Riyals. |
| Project Details | The project includes development of 4,839 residential units (villas\apartments), in addition to the execution of the infrastructure for the project, which will be implemented on a land area of approximately one million square meters. |
| Related Parties | None |
| Additional Information | The project includes the design, marketing, financing, construction, completion, and delivery of residential units in villas and buildings areas, as well as the execution and operation of the project's commercial components and the execution of internal infrastructure within the project's master plan. Any material developments in this regard will be announced later. For any inquiries, please contact Investor Relations Department at: +966138013803 or by e-mail: IR@retal.com.sa |
