One of the Saudi Retal companies signs a contract to implement the Rimal Business Court project in Al-Khobar, worth 268 million riyals

Retal Urban Development Company announced that its 80% owned subsidiary (Construction and Construction Company Limited) has signed a contract with Remal Park Fund (an associated company) to carry out design and construction services for the Remal Business Court project in the city of Al-Khobar, without any preferential terms or benefits.

According to the company’s statement on the Saudi Stock Exchange website “Tadawul” today, Tuesday, the total value of the contract is 267.98 million riyals (not including taxes).

and fees).

The company indicated that there are related parties in this deal, represented by the head of the development sector of Retal Urban Development Company, Mustafa Mohamed Tawfiq.

The Canadian dollar reversed some of its recent gains against its US counterpart on Tuesday, while bond yields fell slightly from multi-year highs, as investors weighed the chances of Canada reaching a deal with Washington to avoid new tariffs on its exports.

rose

Oil prices rose slightly on Tuesday, recording the third consecutive session of gains, after Iran said it would adopt a more aggressive stance and that the Strait of Hormuz would remain closed, while Washington ruled out extending the ceasefire.

Gold prices fell during trading on Tuesday, with US Treasury bond yields rising to their highest levels in decades, at a time when rising energy prices due to escalating tensions between the United States and Iran led to an increase in...

Inflation fears.