Arriyadh Development Co (4150)

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News

21 June 04:39 PM S&P Global assigns ‘A-’ rating for Riyadh Development; outlook stable

Riyadh – Mubasher: Riyadh Development Company, known as ARDCO, has been assigned a long-term credit rating of ‘A-‘ on the Saudi Arabia national scale by S&P Global Ratings. The rating, which carries a stable outlook, marks the first time the …

Company News

17 May 01:52 PM Riyadh Development receives additional SAR 2m in vacant land fee invoices

Riyadh – Mubasher: Riyadh Development Company, known as ARDCO, has received additional tax invoices totaling approximately SAR 2.07 million under the White Land and Vacant Property Fees Law program of Saudi Arabia, according to a bourse filing. …

Law

4 May 02:58 PM Riyadh Development’s profits leap 20% in Q1-26 preliminary results; revenues near SAR 104m

Riyadh - Mubasher: The net profits attributable to the shareholders of Riyadh Development Company climbed by 19.99% to SAR 50.48 million in the first quarter (Q1) of 2026 from SAR 42.07 million in Q1-25. The group posted 49.39% year-on-year (YoY) …

Financial Results

22 April 05:11 PM Riyadh Development exits real estate fund for nearly SAR 184.5m in deal with Sumou

Riyadh - Mubasher: Riyadh Development Company has signed an agreement to sell all its units in the Al Arabi Riyadh Development Real Estate Fund to Sumou Holding Company for a total value of SAR 184.47 million. The transaction will be paid …

Company News

3 March 12:32 PM Riyadh Development’s profits cross SAR 296m in 2025; dividends for H2 proposed

Riyadh - Mubasher: Riyadh Development Company registered SAR 296.10 million in net profits attributable to shareholders during 2025, down 0.03% from SAR 296.20 million in 2024. The earnings per share (EPS) stood at SAR 1.30 at the end of December …

Board of Directors

30 October 2025 05:12 PM Riyadh Development’s net profits hit SAR 251.5m in 9M-25

Riyadh - Mubasher: The net profits of Riyadh Development Company reached SAR 251.50 million in the first nine months (9M) of 2025, an annual hike of 21.73% from SAR 206.60 million. Earnings per share (EPS) retreated to SAR 1.12 as of 30 September …

Financial Results

18 September 2025 06:49 PM Riyadh Development’s board approves SAR 0.25/shr dividends for H1-25

Riyadh - Mubasher: The board of Riyadh Development Company approved cash dividends worth SAR 58.48 million, equivalent to 2.50% of the SAR 2.33 billion capital, for the first half (H1) of 2025. Riyadh Development will pay out SAR 0.25 per share to …

Board of Directors

29 July 2025 06:18 PM Riyadh Development registers SAR 108m profits in H1-25

Riyadh – Mubasher: Riyadh Development Company generated SAR 107.70 million in net profit during the first half (H1) of 2025, down 33.68% year-on-year (YoY) from SAR 162.40 million. The revenues dropped by 8.38% to SAR 142.43 million in H1-25 from …

Financial Results

3 July 2025 03:10 PM Al Jouf Cement, Riyadh Development announce key appointments

Riyadh – Mubasher: Al Jouf Cement Company appointed Ahmed bin Mohammed Al Falih and Hani bin Sulaiman Al Saleh as the board’s Chairman and Vice Chairman, respectively.   The two officials will remain in position for the current board term that …

Management Decisions

26 February 2025 08:56 PM Riyadh Development’s profits rise 9% in 2024; dividends proposed

Riyadh – Mubasher: Riyadh Development Company logged net profits valued at SAR 296.20 million in 2024, higher by 9.10% than SAR 271.50 million in 2023. Meanwhile, the revenues declined by 5.22% year-on-year (YoY) to SAR 321.50 million as of 31 …

Cash Dividends

4 February 2025 05:25 PM Riyadh Development’s shareholders approve 31.5% capital raise

Riyadh – Mubasher: The shareholders of Riyadh Development Company greenlighted a 31.58% capital hike to SAR 2.33 billion from SAR 1.77 billion. The Tadawul-listed company will use the proceeds of the capital raise to acquire two real estate assets …

Real estate

8 January 2025 03:46 PM Riyadh Development obtains regulatory nod for capital hike

Riyadh – Mubasher: The Capital Market Authority (CMA) approved, on 7 January, the request of Riyadh Development Company to raise its capital to SAR 2.33 billion from SAR 1.77 billion. The company will issue 56.15 million ordinary shares to …

Real estate

18 December 2024 02:27 PM Riyadh Development rolls out SAR 3.5bn agreement

Riyadh- Mubasher: Riyadh Development Company inked an agreement, on 16 December 2024, exceeding SAR 3.50 billion to establish a real estate investment fund, according to a bourse disclosure. The fund aims to develop a mixed-use real estate project …

Real estate

10 December 2024 11:05 AM Riyadh Development, Agility Logistics Parks sign SAR 227m deal

Mubasher: Riyadh Development Company inked a strategic partnership agreement with Agility Logistics Parks (ALP), owned by Agility Global, at a value of SAR 227 million. The two entities signed the deal, on 9 December 2024, to develop a logistics …

Real estate

13 October 2024 03:24 PM Riyadh Development, ANB Capital lead SAR 2.1bn investment fund

 Riyadh – Mubasher: Riyadh Development Company was appointed as the developer of a real estate investment Fund exceeding SAR 2.10 billion managed by ANB Capital. The infrastructure development agreement for a real estate investment Fund was signed …

Real estate

27 August 2024 08:37 AM Riyadh Development pens deal for SAR 1.5bn JV

Riyadh – Mubasher: Riyadh Development Company inked an agreement with Riyadh Holding Company, on 25 August 2024, to establish a joint-stock company, according to a bourse disclosure. The two parties will develop the Al Dira area, where Riyadh …

Companies Investments

1 August 2024 03:48 PM Riyadh Development unveils SAR 162.5m profits in H1-24, dividends

Riyadh – Mubasher: Riyadh Development Company reported a 114.61% year-on-year (YoY) leap in net profit to SAR 162.40 million during the first half (H1) of 2024, compared to SAR 75.67 million. The revenues amounted to SAR 155.47 million in H1-24, …

Cash Dividends

8 May 2024 05:25 PM Riyadh Development records 117.5% jump in Q1-24 net profits

Riyadh – Mubasher: The net profits of Riyadh Development Company, formerly known as Arriyadh Development, soared by 117.56% to SAR 70.49 million in the first quarter (Q1) of 2024 from SAR 32.40 million in Q1-23. The earnings per share (EPS) rose …

Real estate

28 April 2024 11:04 AM Al Akaria, Arriyadh Development partner to build educational complex

Riyadh – Mubasher: Saudi Real Estate Company (Al Akaria) has entered into an agreement to establish a special purpose company with Arriyadh Development Company and Riyadh Holding Company. Under the agreement, the three companies will develop an …

Real estate

24 April 2024 02:13 PM Arriyadh Development unveils SAR 89m cash dividends

Riyadh – Mubasher: Arriyadh Development Company announced the shareholders’ approval for SAR  0.25 per share for the second half (H2) of 2023, according to a bourse filing. This is in addition to SAR 0.25 per share as an exceptional distribution …

Cash Dividends

10 March 2024 01:24 PM Arriyadh Development’s net profit shrinks 10% YoY in 2023

Riyadh – Mubasher: Arriyadh Development Company reported a 9.62% year-on-year (YoY) decline in net profit to SAR 271.50 million in 2023 from SAR 300.40 million. On the other hand, revenues soared 31.02% YoY to SAR 339.20 million last year from SAR …

Financial Results

29 October 2023 04:24 PM Arriyadh Development’s net profits exceed SAR 122m in 9M-23

Riyadh – Mubasher: Arriyadh Development Company witnessed 53.35% lower net profits after Zakat and tax at SAR 122.10 million in the first nine months (9M) of 2023, versus SAR 261.73 million in 9M-22. Revenues hit SAR 216.87 million as of 30 …

Financial Results

30 July 2023 03:45 PM Arriyadh Development logs lower profits in H1-23; dividends unveiled

Riyadh – Mubasher: The net profits after Zakat and tax of Arriyadh Development Company reached SAR 75.67 million in the first half (H1) of 2023, down 61.45% year-on-year (YoY) from SAR 196.30 million. Revenues enlarged by 11.10% to SAR 138.88 …

Board of Directors

11 May 2023 09:27 AM Arriyadh Development’s profits shrink nearly 77% in Q1-23

Riyadh – Mubasher: Arriyadh Development Company logged net profits after Zakat and tax valued at SAR 32.40 million in the first quarter (Q1) of 2023, lower by 76.69% than SAR 139 million in Q1-22. The revenues amounted to SAR 69.30 million in …

Financial Results

1 May 2023 01:53 PM Arriyadh Development to pay SAR 44.5m dividends for H2-22

Riyadh – Mubasher: Arriyadh Development Company announced cash dividends amounting to SAR 44.44 million, equivalent to 2.50% of the capital, for the second half (H2) of 2022. The Saudi firm will grant SAR 0.25 per share for 177.77 million eligible …

Cash Dividends