Construction & Real Estate

Retal Urban wins Saudi CMA approval for 11pc capital hike

Saudi-based Retal Urban Development has announced that it has secured approval from Capital Market Authority for boosting its capital to SAR555 million ($146.7 million). This 11% capital hike is aimed at acquiring a strategic 47.5% stake in Ajdan Real Estate Development Company. ...

Construction & Real Estate

Retal eyes $151m capital hike for Ajdan stake acquisition

Saudi-based Retal Urban Development Company has announced plans to raise its capital to SAR555 million ($151 million) from SAR500 million ($136 million) in a bid to facilitate its planned acquisition of a stake in Ajdan Real Estate Development Company from AlFozan Holding....