Saudi-based Retal Urban Development Company has announced that the price range for its IPO has been set between SR112 ($30) and SR120 ($32) per share. Retal had early this month announced plans to float 30% of its share capital to the public.
Retal Urban Development Company, a next generation real estate development company, intends to proceed with an Initial Public Offering (IPO) and list its shares on the Main Market of the Saudi Stock Exchange.
Saudi-based Retal Urban Development Company has announced the launch of its new residential project, Nesaj Town Al Narjis, in partnership with the National Housing Company. Strategically located in Riyadh, it features 550 independent housing units.