Business, Uncategorized

Masar signs $82m land deal

Agreements signed with Abdulmohsin Al Rossais & Sons Group.

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Retal’s stock rises 2.4%

Last month, Retal and National Housing signed another agreement to build 759 housing units in Riyadh. (Facebook)
By TRENDS Desk
October 12, 2022 1:47 pm
  • Retal said in a bourse filing that the project is expected to positively affect the company’s results after the sale begins and the project is completed
  • Last month, Retal and National Housing signed another agreement to build 759 housing units in Riyadh

Riyadh, Saudi Arabia— Retal Urban Development Co.’s shares climbed up 2.4 percent on the back of news that it has signed a sub-development agreement with National Housing Co. to develop 550 housing units in Riyadh for $161 million.

The Saudi developer’s shares rose 2.04 percent to end Tuesday’s trading session at SR140.

Retal said in a bourse filing that the the project is expected to positively affect the company’s results after the sale begins and the project is completed.

Details of the financial impact and progress of the project will be announced in the near future, it added.

Last month, Retal and National Housing signed another agreement to build 759 housing units in Riyadh worth an estimated SR864 million.

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