Saudi-based Retal Urban Development Company has announced plans to raise its capital to SAR555 million ($151 million) from SAR500 million ($136 million) in a bid to facilitate its planned acquisition of a stake in Ajdan Real Estate Development Company from AlFozan Holding.
Saudi-based Retal Urban Development Company has announced that it has secured a SAR5.2 billion ($1.38 billion) from the National Housing Company (NHC) for the construction of 4,839 residential units in the Al Fursan suburb of Riyadh City.
