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Retal approves profit payout and buyback
Retal Urban Development Company has approved a phased dividend distribution for the fiscal year 2026 and endorsed a program to repurchase the company's shares aimed at allocating them to an employee stock program. It was agreed to buy up to two million shares using the company's own resources, with the board authorized to complete the process within 18 months and to hold the shares for no longer than four years. Additionally, PricewaterhouseCoopers was appointed as the external auditor for 2026 and the first half of 2027. The approval of directors' bonuses for 2025 and the contracts with related parties within the ordinary course of business was also confirmed.
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