Shaping the
future of Saudi Arabia
Retal announces its intention to float on
the Saudi Stock Exchange (Tadawul)
Retal Urban Development Co. (“Retal” or the “Company”) is a next generation real estate developer of integrated master plan communities offering a premium portfolio of lifestyle-oriented residential, commercial, and mixed-use properties. Since Retal’s inception in 2012, the Company has played a key role in the development of the real estate market in the Kingdom of Saudi Arabia.
Retal’s business model is scalable and is principally focused on off-plan sales in premier locations across the Kingdom. Through its fully owned subsidiaries, the Company offers a full-service integrated platform, delivering solutions across the value chain including project management, contracting, facilities management, and property management.
Retal has an engaged and experienced leadership team that generates superior returns and with strategic partnerships and strong economic and demographic opportunities over the long-term, Retal is poised to be Saudi Arabia’s homebuilder champion for years to come.
On the 9 May 2022, Retal formally announced its Intention to Offer 30% of its share capital to the public through an initial public offering (“IPO”) and listing its shares on the Main Market of the Saudi Exchange. Institutional and retail investors will be allowed the opportunity to acquire shares and participate in the long-term growth plans of the Company and the Saudi real estate market.
From Leadership
“I am delighted to announce our intention to list on the Saudi Exchange through an IPO. This marks a significant milestone in the growth trajectory of our business and a key step towards further solidifying our leading position in the Saudi real estate sector. Our potential listing comes at an exceptionally exciting time as we continue to make remarkable strides towards opening up to the world, creating new opportunities, and elevating the lifestyle of every Saudi family as part of the Vision 2030.”
“We are already witnessing a huge demand for high quality developments in desirable destinations across the country and we anticipate this demand to continue, driven by strong economic trends, favorable long-term demographics, and Saudi’s commitment to transform the real estate landscape and improve the standard of living in the country. With Retal’s robust strategy, expertise, and financial strength, we are poised to capture these exciting opportunities while delivering excellent value to our shareholders.”
total projects executed
total units executed & under construction
Value of total projects (completed, ongoing, and upcoming)
employees
SQM total built-up area of projects (completed, ongoing, and upcoming)
in revenue FY2020
(CAGR 67% 2018-2020)
in net profit FY2020
(CAGR 500% 2018-2020)
Retal in numbers
total projects executed
total units executed & under construction
SQM total built-up area of projects (completed, ongoing, and upcoming)
in revenue FY2020
(CAGR 67% 2018-2020)
Value of total projects (completed, ongoing, and upcoming)
employees
in net profit FY2020
(CAGR 500% 2018-2020)
In a short timeframe, Retal has launched and achieved significant traction as a next-generation home builder and a trusted developer in building residential and commercial real estate. The Company is the #1 real estate developer in Saudi Arabia, as awarded by the Ministry of Municipal, Rural Affairs and Housing (MoMRAH) 2019 & 2020
– Nesaj provides high end services and engineering solutions through project management, in terms of design managements, site supervision and construction management for all type of projects.
– Building Construction Company (BCC) engages in general contracting such as building repairs, demolitions, and renovations.
– Tadbeir engages in general cleaning, maintenance and operating buildings, gardens, parks, and sports facilities.
– TRS engages in the sale of fixed and movable assets, purchase and sale of land, management, and rental of owned or leased, real estate management activities for commission, activities of brokers agents, money management and preservation of the property.
Retal has demonstrated consistent revenue growth, high net profit margins and solid cash flow generation. For the FY 2020 vs FY 2019:
Retal has assembled one of the best technical, operational, and financial oriented teams in the KSA real estate market. It has also implemented a robust governance framework based on CMA’s Corporate Governance Regulations. You can read the management’s biographies and details on corporate governance in the Prospectus.
*Trading of the Offer Shares on the Exchange is expected to commence after all relevant legal requirements and procedures have been fulfilled. Trading will be announced in local newspapers and on the Saudi Exchange website (www. saudiexchange.sa).
Downloads
The shares will be listed on Main Market of the Saudi Stock Exchange (Saudi Exchange).
Subscription to the Offer Shares is restricted to the following two groups of investors: (1) Participating Parties (any investor who is approved by the CMA) and (2) Individual Investors (Saudi Arabian nationals, GCC nationals and foreign residents in Saudi Arabia, with an active bank account with one of the participating banks), are eligible to subscribe to the Offering.
The Offering’s final price will be set after the book-building period is complete.
There will be no implementation of a lock-up period or restrictions on the sale of shares following the listing.
How to
Subscribe
SNB Capital Company
The regional building of the
Saudi National Bank
King Saud Road
Molding. 22216
Riyadh 11495
Kingdom Saudi Arabia
Tel: +966 9200 9200 00232
Website: www.alahlicapital.com
Email: snbc.cm@alahlicapital.com
If you are interested to invest in Retal, please contact one of the Receiving Banks listed below which are collaborating with the Company in order to help investors and shareholders.
Saudi National Bank
King Fahd Road – Al Okeik District– King Abdullah Financial Center
P.O. Box 3208, Unit: 778
Riyadh 6676 – 13519
Kingdom of Saudi Arabia
Tel: +966 92000 1000
Website: www.alahli.com
Email: contactus@alahli.com
Riyad Bank
Eastern Ring Road
P.O. Box 22622
Riyadh 11614
Kingdom of Saudi Arabia
Tel: +966 (11) 4013030
Fax: +966 (11) 4030016
Website: www.riyadbank.com
Email: customercare@riyadbank.com
Bank Albilad
King Abdullah Road
P.O. Box 140
Riyadh 11411
Kingdom of Saudi Arabia
Tel: +966 (11) 479 8888
Fax: +966 (11) 479 8505
Website: www.bankalbilad.com
Email: customercare@bankalbilad.com
Brunswick Group
Brunswick Group
Jade Mamarbachi / Joudi Issa
Tel: +971 4 560 9600
Email: retal@brunswickgroup.com
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