Retal Urban Development Company announced signing sub-development agreements on May 16, 2024 with the National Housing Company to develop 295 residential Units in Murcia zone, Khozam suburb in Riyadh with total land area of 93,482.76 square meters. Date of Announcement of the Award: May 16, 2024. Project Subject Matter: Sub-development agreements.

Date of Signing the Project is May 16, 2024. Project Value is Total estimated cost SAR 660 million. Project Details: Develop 295 residential Units in Murcia zone, Khozam suburb in Riyadh with total land area of 93,482.76 square meters.

Project Duration: 42 months from the effective date of the agreement. It is expected that this Agreement will have a positive impact on the financial results for the years 2024G, 2025G, 2026G & 2027G.