Logo ofRetal Urban Development Co.
Retal Urban Development Co.said its shareholders approved the repurchase of up to two million shares to be allocated for the employee long-term incentive program (LTIP). 
This decision was made during the extraordinary general meeting (EGM) held on June 25.
In a statement to Tadawul, Retal said shareholders also authorized the board of directors to complete the repurchase within 18 months from the approval date, noting that the transaction will be self-financed. In addition, the repurchased shares may be held for up to four years from the date of the EGM’s approval.
After the holding period expires, the company will follow the procedures and regulations stipulated under the relevant laws and regulations.
Shareholders also authorized the board to distribute interim dividends on a semiannual or quarterly basis for 2026.
According to data available with Argaam, Retal’s targeted share repurchase represents 0.4% of its 500 million outstanding shares.
Logo ofRetal Urban Development Co.
Retal Urban Development Co.said its shareholders approved the repurchase of up to two million shares to be allocated for the employee long-term incentive program (LTIP).
This decision was made during the extraordinary general meeting (EGM) held on June 25.
In a statement to Tadawul, Retal said shareholders also authorized the board of directors to complete the repurchase within 18 months from the approval date, noting that the transaction will be self-financed. In addition, the repurchased shares may be held for up to four years from the date of the EGM’s approval.
After the holding period expires, the company will follow the procedures and regulations stipulated under the relevant laws and regulations.
Shareholders also authorized the board to distribute interim dividends on a semiannual or quarterly basis for 2026.
According to data available with Argaam, Retal’s targeted share repurchase represents 0.4% of its 500 million outstanding shares.
