Saudi-based Retal Urban Development Company has announced that one of its affiliates, Remal Al Khobar Real Estate Company, has signed a major facility agreement (Tawarruq) with the kingdom s Tourism Development Fund (TDF).
Saudi developer Retal has announced plans to build more than 750 new residential units within Al Fursan District I in Riyadh at an investment of SR864 million ($230 million). It has already inked a deal with National Housing Company for land allocation.
The MENA region witnessed a 500% year-on-year increase in the number of companies listing during H1 2022 with 24 IPOs raising proceeds of $13.5 billion – an increase of 2,952% in value when compared to the same period in 2021, said a report.
First half of 2022 witnessed a 500% increase in IPO volume and 2,952% increase in value when compared to same period last year; Mena IPO markets saw nine IPOs during.