Retal reports 17.2M Riyal loss in Q2

Retal Urban Development Company recorded losses of 17.2 million riyals in the second quarter of 2026, compared to profits of 66.1 million riyals in the same period of the previous year. This decline was due to a decrease in sales and an increase in operational costs, including marketing and business development expenses. For the first half of the year, net profit decreased by 68.73% to reach 42 million riyals, despite a 14.27% increase in revenues to 1.206 billion riyals, driven by higher project completion rates and the activation of new projects.