Retal inks agreement with SAR to build commercial mall

05/01/2023 Argaam
Logo ofRetal Urban Development Co.

Logo of Retal Urban Development Co. 

Retal Urban Development Co. signed a shareholder’s agreement with Saudi Arabia Railways (SAR), on Jan. 4, to establish a special purpose vehicle (SPV), which is equally owned by both parties. 

 

The SPV intends to build a commercial mall to support the business and growth of the company's strategy, Retal said in a statement on Tadawul.

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