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Retal Urban Development Company submitted a request to the Capital Market Authority (CMA) on March 15, 2026, for approval to increase its capital from SAR 500 million to SAR 555 million.
The capital increase involves issuing 55 million new ordinary shares to AlFozan Holding Company as part of a share swap agreement.
The transaction is intended to fund Retal's acquisition of a 47.5% stake (14,250,000 shares) in Ajdan Real Estate Development Company.
The acquisition remains subject to further approvals from the CMA and the company’s Extraordinary General Assembly.

Element List	Explanation
Introduction	With reference to Retal Urban Development Company’s (the “Company” or “Retal Company”) announcement on Tadawul’s website dated 27/08/1447H (corresponding to 15/02/2026G) regarding the signing of a share swap agreement with AlFozan Holding Company (the “Seller”) on 26/08/1447H (corresponding to 14/02/2026G), pursuant to which Retal Company has agreed to acquire the Sellers’ entire shareholding in Ajdan Real Estate Development Company (“Ajdan Company”) equivalent to 14,250,000 ordinary shares, representing 47.5% of Ajdan Company’s share capital, in exchange for the issuance of new ordinary shares to the Seller, subject to the approval of Capital Market Authority (“CMA”) and the Extraordinary General Assembly, Retal Company announces the submission to the CMA, on 27/09/1447H (corresponding to 15/03/2026G), of a request for approval to increase the Company's capital from 500,000,000 Saudi Riyals to 555,000,000 Saudi Riyals by issuing 55,000,000 new shares to the Seller.
Previous Announcement	https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=93115&anCat=1&cs=4322&locale=en
Date of Previous Announcement on Saudi Exchange’s Website	2026-02-15 Corresponding to 1447-08-27
Hyperlink to the Previous Announcement on the Saudi Exchange Website	Click Here
Latest Developments Of The Announced Event	Retal Company announces the submission to the CMA, on 27/09/1447H (corresponding to 15/03/2026G), of a request for approval to increase the Company's capital from 500,000,000 Saudi Riyals to 555,000,000 Saudi Riyals by issuing 55,000,000 new shares to the Seller.
Reasons For The Delay on The Date of The Event Previously Announced	N\A
The costs associated with the event, and if they have changed or not with indication of the reasons.	N\A
Delay consequences on the Company’s financial results	N\A
Additional Information	Any developments in this regard will be announced later. For inquiries, please contact the Investor Relations Department via: Phone: +966138013803 Email: ir@retal.com.sa

Element List

Explanation

Introduction

With reference to Retal Urban Development Company’s (the “Company” or “Retal Company”) announcement on Tadawul’s website dated 27/08/1447H (corresponding to 15/02/2026G) regarding the signing of a share swap agreement with AlFozan Holding Company (the “Seller”) on 26/08/1447H (corresponding to 14/02/2026G), pursuant to which Retal Company has agreed to acquire the Sellers’ entire shareholding in Ajdan Real Estate Development Company (“Ajdan Company”) equivalent to 14,250,000 ordinary shares, representing 47.5% of Ajdan Company’s share capital, in exchange for the issuance of new ordinary shares to the Seller, subject to the approval of Capital Market Authority (“CMA”) and the Extraordinary General Assembly, Retal Company announces the submission to the CMA, on 27/09/1447H (corresponding to 15/03/2026G), of a request for approval to increase the Company's capital from 500,000,000 Saudi Riyals to 555,000,000 Saudi Riyals by issuing 55,000,000 new shares to the Seller.

Previous Announcement

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=93115&anCat=1&cs=4322&locale=en

Date of Previous Announcement on Saudi Exchange’s Website

2026-02-15 Corresponding to 1447-08-27

Hyperlink to the Previous Announcement on the Saudi Exchange Website

Click Here

Latest Developments Of The Announced Event

Retal Company announces the submission to the CMA, on 27/09/1447H (corresponding to 15/03/2026G), of a request for approval to increase the Company's capital from 500,000,000 Saudi Riyals to 555,000,000 Saudi Riyals by issuing 55,000,000 new shares to the Seller.

Reasons For The Delay on The Date of The Event Previously Announced

N\A

The costs associated with the event, and if they have changed or not with indication of the reasons.

N\A

Delay consequences on the Company’s financial results

N\A

Additional Information

Any developments in this regard will be announced later.

For inquiries, please contact the Investor Relations Department via:

Phone: +966138013803

Email: ir@retal.com.sa