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Riyadh, Saudi Arabia
Riyadh – Retal Urban Development Company has signed a SAR 240 million agreement with its subsidiary Building Construction Company to build eight residential buildings in Riyadh.
The agreement was signed on 25 April 2024 for 26 months, according to a bourse filing.
In 2023, Retal Urban Development recorded a 17.66% year-on-year (YoY) decrease in net profit, falling to SAR 202.35 million from SAR 245.74 million reported in the previous year.
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