Retal Urban Development Ups Ajdan Stake to 50%
Riyadh, Saudi Arabia — Retal Urban Development Company now controls 50% of Ajdan Real Estate Development Company — up from 47.5% — after Ajdan cancelled treasury shares and reduced its share capital. No deal terms changed. The shift reflects a structural update, not a new acquisition. How the Stake Percentage Changed In March 2026, Ajdan […] The post Retal Urban Development Ups Ajdan Stake to 50%…
Riyadh, Saudi Arabia — Retal Urban Development has raised its stake in Ajdan Real Estate Development to 50%, up from 47.5%, after Ajdan cancelled treasury shares. No new deal terms were involved; the change is due to Ajdan reducing its share capital. In March 2026, Ajdan acquired 1,500,000 treasury shares from Sumou International, which made up 5% of Ajdan's share capital.
The reduction in total issued shares from 30,000,000 to 28,500,000 means Retal’s acquisition of 14,250,000 Ajdan shares now represents 50% of the company. The other details remain unchanged: the agreed consideration of 55,000,000 new Retal shares to Al Fozan Holding Company and Ajdan’s post-cancellation share count of 28,500,000.
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