Retal signs SAR 123.8M deals with ROSHN to develop 163 units in Makkah

Retal Urban Development Co. signed, on July 1, two agreements with PIF-owned ROSHN Group to develop 163 residential units in AlManar Community in Makkah.

In a Tadawul statement, the company said the deals value is SAR 123.83 million, noting that they are conditional agreements to purchase and develop lands for residential use.

The contract is valid for 36 months and expected to have a positive impact on the company’s financials for 2027, 2028 and 2029, the statement added.