02:27 AM EDT, 09/22/2026 (MT Newswires) -- Saudi Arabia's Capital Market Authority cleared Retal Urban Development's (SASE:4322) proposed capital increase on Monday, according to a Tuesday notice. The real estate development company plans to boost its capital to 555 million Saudi riyals via the issue of 55 million shares, subject to shareholder approval. The capital raise is related to the company's plan to buy a 47.5% stake in Ajdan Real Estate Development.

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