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Retal subsidiary inks 268M riyal contract for Rimal Business Court in Khobar
Retal Urban Development Company announced the signing of a contract worth approximately 268 million riyals with its subsidiaries, Al Taameer and Al Ensha, to execute the Rimal Business Court project in Khobar. The contract includes design and construction services for the project, which is scheduled to be completed within 12 months and aims to enhance the company's activities and expand its projects in the Eastern Province. This contract is expected to positively impact the company's financial results during 2026 and 2027, with revenue recognition beginning as construction operations commence.
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