Retal subsidiary signs SAR 268M contract with Remal Park Fund
- Source
- Argaam - Company Disclosures
- Source link
- https://www.argaam.com/en/article/articledetail/id/1930160
- Published
- 2026-08-18 09:40:00
- Discovered by ProcIntel
- 2026-08-18 15:16:28
- Category
- Supplier Risk
- Geography
- Saudi Arabia, UAE
- Organisations
- —
- Review status
- Pending
- Record type
- REAL
Summary
<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>
Procurement Relevance Gate
- supplier_or_company_impact (weight 12) — matched on "subsidiary"
- geographic_exposure (weight 8) — matched on "2 linked geographies"
Initial Signal 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
- 1 · Low (14.0/100)
- Initial Confidence
- 2 · Low (23.5/100)
- Data sufficiency Whether enough structured evidence exists to trust this Signal's Initial Confidence reading. 'Sufficient' has no cap; 'Partial' and 'Insufficient' cap Confidence until more evidence is available; 'Not Assessed' means the Signal did not pass the Relevance Gate.
- Partial
- Strongest contributor
- Procurement Impact
- Limiting factor
- Geographic Breadth
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).
- No likely Event type matched; a low contextual baseline was applied.
- No eligible (non-geographic, non-fictional) entities were linked to this Signal.
- no matched Event type
- no actor entities (only attribution/metadata, if any)
- no actor content-derived geography
- single source only
- Entities were mentioned as context or document attribution rather than as actors in the reported development, so they did not increase Initial Confidence.
- Only source-level geography metadata was available.
- Source metadata did not contribute to Initial Confidence.
Methodology signal_scoring_v1 — calculated 2026-08-18 15:16:28.