The contract duration is 36 months, Retal says
Retal Urban Development Co. signed, on July 1, two agreements with PIF-owned ROSHN Group to develop 163 residential units in AlManar Community in Makkah. 
In a Tadawul statement, the company said the deals value is SAR 123.83 million, noting that they are conditional agreements to purchase and develop lands for residential use.
The contract is valid for 36 months and expected to have a positive impact on the company’s financials for 2027, 2028 and 2029, the statement added.
Project Details
Item
Details
Project
Developing 163 residential units in Makkah’s AlManar Community
Company
Retal
Other Party
PIF-owned ROSHN
Agreement Type
2 agreements to purchase and develop lands
Agreement Signing Date
July 1, 2026
Agreements’ purpose
Purchase and develop lands for residential use.
No. of Residential Units
163 residential units
Agreement Value
SAR 123.83 mln
Agreement Period
36 months
Financial Impact
Positive impact on the company’s financials for 2027, 2028 and 2029
The contract duration is 36 months, Retal says
Retal Urban Development Co. signed, on July 1, two agreements with PIF-owned ROSHN Group to develop 163 residential units in AlManar Community in Makkah.
In a Tadawul statement, the company said the deals value is SAR 123.83 million, noting that they are conditional agreements to purchase and develop lands for residential use.
The contract is valid for 36 months and expected to have a positive impact on the company’s financials for 2027, 2028 and 2029, the statement added.
Project Details
Item
Details
Project
Developing 163 residential units in Makkah’s AlManar Community
Company
Retal
Other Party
PIF-owned ROSHN
Agreement Type
2 agreements to purchase and develop lands
Agreement Signing Date
July 1, 2026
Agreements’ purpose
Purchase and develop lands for residential use.
No. of Residential Units
163 residential units
Agreement Value
SAR 123.83 mln
Agreement Period
36 months
Financial Impact
Positive impact on the company’s financials for 2027, 2028 and 2029
