Retal signs agreement with Roshn to develop 363 residential units in Riyadh for SAR 374.76 mln

Real Urban Development Co. signed an agreement to purchase and develop residential lands with Roshn Real Estate Co., a subsidiary of the Public Investment Fund, for the purpose of developing 363 residential units in the Sedra residential neighbourhood in Riyadh city at a value of SAR 374.76 million, with the contract period being 36 months.

The company said today on Tadawul that the project is expected to have a positive impact on the company’s results during the project development period over the years 2024, 2025, and 2026.