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Arriyadh Development ranks 1st amongst Tadawul-listed real estate developers

Arriyadh Development ranks 1st amongst Tadawul-listed real estate developers
The Saudi firm recorded the highest dividend payout ratio in the past 12 months
ARDCO
4150
0.71% 16.90 0.12

Riyadh – Mubasher: Arriyadh Development Company held the first spot among real estate developers listed on the Saudi Stock Exchange (Tadawul) as per the evaluation issued by Bloomberg L.P. on 20 July 2020.

The Saudi firm generated the highest dividend payout ratio, return on equity (ROE) and invested capital during the past 12 months, according to a bourse disclosure on Sunday.

In the second quarter (Q2) of the year, Arriyadh Development gained net profits of SAR 54.56 million, an increase of 9% from SAR 50.04 million in the corresponding quarter in 2019.