Signal · Supplier & Corporate Risk
Retal subsidiary signs SAR 268M contract with Remal Park Fund
What the source reported
Source-reported<div data-applydefaultfontstyles="true" dir="auto" id="x_ms-outlook-mobile-body-separator-line"> <p data-olk-copy-source="MessageBody" dir="auto" ><img src="https://argaamplus.s3.amazonaws.com/1787022f-b62b-42c0-9b3f-4cda5c39f5a2.png"></p> <p class="ckeCaption" data-olk-copy-source="MessageBody" dir="auto" >Retal expects a positive impact on its financial results upon commencement of project works</p> <hr> <p data-olk-copy-source="MessageBody" dir="auto" >Building and Construction Co. Ltd., an 80%-owned subsidiary of <a href="http://www.argaam.com/en/tadawul/tasi/retal" target="_blank">Retal Urban Development Co.</a>, signed a SAR 267.98 million contract with Remal Park Fund (an associate), excluding taxes and fees.</p> <p ></p> <p >The contract did not include any preferential terms or benefits, Retal said in a statement to <strong>Tadawul</strong>.</p> <p ></p> <p >The contract has a 12-month term from the effective date of the agreement and covers design and construction works for <a href="https://www.argaam.com/en/disclosures/projects/details/projectid/1394" target="_blank">the Remal Business Court</a> project in Al Khobar.</p> <p ></p> <p >The company expects the project to have a positive impact on its financial results upon commencement of the project works in 2026 and 2027.</p> <p ></p> <p >Mostafa Tawfik, CDO of Retal, is a related party to the contract, the statement added.</p> </div>
- Publication
- Argaam - Company Disclosures · Stock Exchange/Regulatory Announcements
- Published
- 18th August 2026
- Original report
- argaam.com
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What ProcIntel recorded
ProcIntel-derived- Category
- Supplier & Corporate Risk
- Geography
- Saudi Arabia, UAE
- Organisations
- None identified
- Collected
- 18th August 2026 · 15:16
Initial assessment ProcIntel's automatic, provisional read of this individual Signal -- Initial Significance and Initial Confidence, computed deterministically before any Event extraction or human review.
A provisional, automatically computed reading of this individual Signal, before Event extraction or human review. Not a final rating.
Initial Significance Low (14.0/100). Strongest contributor: Procurement Impact (6.0/30 points). Limiting factor: Geographic Breadth (0.0/10 points). Initial Confidence Low (23.5/100, data sufficiency: Partial). Strongest contributor: Source Authority (12.0/40 points). Limiting factor: Corroboration (2.5/25 points).
- Strongest contributor
- Procurement Impact
- Limiting factor
- Geographic Breadth