Retal Urban Development Company Announces the Signing of a Shareholders Agreement with the Saudi Arabia Railways Company SAR to Establish a Special Purpose Vehicle

Retal Urban Development Company SJSC (Retal) is a Saudi Arabia-based Company, which is engaged in the construction, real estate activities, administrative services and support services. The Company is principally engaged in Purchase of land for construction, development, investment, sale or leasing purpose; Construction of buildings, dams, and tunnels; Management and operating of factories, industrial projects, malls, hotels, restaurants and supermarkets; Maintenance and repair of irrigation and drainage works, including airports, water facilities, sanitation, telephone networks and artesian wells. The Company’s subsidiaries include Tadbeir Real Estate Company, Nesaj Urban Development Company and Building and Construction Company.