Retal Urban Development Company Announces the signing of a contract awarded to one of its Subsidiaries related to the Development, Design, and Build the master plan and development of 1,962 residential units in Dhahran worth 2.892 Billion Saudi Riyal with Roshn Group

-1.15 %
1445/11/12     20/05/2024 16:21:54

Element ListExplanation
Introduction Signing Building Construction Company Limited (Subsidiary) contract with Roshn Group related to Development, Design and Build of ALDANAH project Site 1 in Dharan City.
Date of Announcement of the Award 2024-05-20 Corresponding to 1445-11-12
Contract Subject Matter Building Construction Company Limited (Subsidiary) has signed a contract related to the Development, Design, and Build of the master plan and infrastructure works and development of 1,962 residential units in ALDANAH project Site 1 for Roshn Group.
The Entity with Which the Contract was Signed ROSHN Group, the PIF-owned giga-project.
Date of Signing the Contract 2024-05-20 Corresponding to 1445-11-12
Contract Value 2.892 Billion Saudi Riyal
Contract Details Building Construction Company Limited will develop & design the detailed master plan, design & execute the infrastructure, landscape, construct 1962 residential units and public amenities building in ALDANAH project - Dhahran City Site 1 for Roshn Group.
Contract Duration The duration of the contract is 45 months, starting from the date of the land handover from Roshn Group to Building Construction Company.
Financial Impact and the Relevant Period The project is expected to have a positive impact on the Company's results during the project execution for the years 2024AD, 2025AD, 2026AD, 2027AD and 2028AD
Related Parties N/A
Additional Information N/A

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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