Logo ofRetal Urban Development Co.
Retal Urban Development Co.’s subsidiary Building Construction Co. (BCC) signed a contract with Remal Park Fund, an associate firm, to implement the concrete skeleton structures for the Remal Business Court project in Al Khobar city, according to a statement to Tadawul. 
The project is valued at SAR 166 million, and has no preferential benefits, the statement added.
BCC is 80% owned by Retal and Remal Park Fund is a 33.33%-owned associate.
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The contract was signed on March 12, with a duration of one year from the commencement date. It is expected to have a positive financial impact on the company’s financials upon execution in 2025 and 2026.
The related parties are Chairman of the board Abdullah Al Fozan, Vice Chairman Ali Al Fozan, in addition to Fahad Al Mojel, Fozan Al Fozan, and Abdulrahman Al Jalal among others.
Logo ofRetal Urban Development Co.
Retal Urban Development Co.’s subsidiary Building Construction Co. (BCC) signed a contract with Remal Park Fund, an associate firm, to implement the concrete skeleton structures for the Remal Business Court project in Al Khobar city, according to a statement to Tadawul.
The project is valued at SAR 166 million, and has no preferential benefits, the statement added.
BCC is 80% owned by Retal and Remal Park Fund is a 33.33%-owned associate.
For more news on listed companies
The contract was signed on March 12, with a duration of one year from the commencement date. It is expected to have a positive financial impact on the company’s financials upon execution in 2025 and 2026.
The related parties are Chairman of the board Abdullah Al Fozan, Vice Chairman Ali Al Fozan, in addition to Fahad Al Mojel, Fozan Al Fozan, and Abdulrahman Al Jalal among others.
