SNG: Retal secures residential project award in Riyadh

About this update from Retal Urban Development Company

First published: 19-Nov-2025 07:44:12Staff WriterRiyadh: Retal Urban Development Company has received a letter of award from the National Housing Company (NHC) for a SAR 5.20 billion project in Al Fursan Suburb, Riyadh.The project, awarded on 17 November 2025, involves developing 4,839 residential units, according to a bourse disclosure.It features villas and apartments, along with the development of supporting infrastructure, on a land area of approximately one million square meters (m²).In the first nine months (9M) of 2025, Retal generated year-on-year (YoY) 13.51% higher net profits at SAR 211.60 million, compared to SAR 186.40 million.All Rights Reserved - Mubasher Info © 2005 - 2025 Provided by SyndiGate Media Inc. (Syndigate.info).Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

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