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Retal Urban Development Company announces the signing of a contract with Building Construction Company (subsidiary) to construct 8 residential buildings in the city of Riyadh
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RETAL
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1445/10/19 28/04/2024 08:12:23
| Element List | Explanation |
|---|---|
| Introduction | Retal Urban Development Company announces signing an agreement with Building Construction Company (Subsidiary) to construct 8 residential buildings in the city of Riyadh without any preferential conditions or benefits |
| Date of Announcement of the Award | 2024-04-25 Corresponding to 1445-10-16 |
| Contract Subject Matter | Construction of 8 residential buildings in Riyadh City without any preferential conditions or benefits |
| The Entity with Which the Contract was Signed | Building Construction Company (subsidiary) |
| Date of Signing the Contract | 2024-04-25 Corresponding to 1445-10-16 |
| Contract Value | 240 Million SAR (Not including taxes if applicable) |
| Contract Details | Construction of 8 residential buildings in Sedra district in Riyadh City |
| Contract Duration | 26 months from the effective date of the agreement |
| Financial Impact and the Relevant Period | The project is expected to have a positive impact on the company's results post the start of the project execution for the years 2024 , 2025 &2026 |
| Related Parties | Member of the Board / Mr. Abdul Rahman Ibrahim Al-Jalal, and Member/ Mr.Abdullah Faisal Al-Braikan, CFO of Retal Urban Development Company/ Mr. Ammar Mohammed Al-Ghoul, and CEO of the Building Construction Company / Mr. Omar Ibrahim Al-Jalal. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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