Arriyadh Development Company (ARDCO) completed the acquisition of real estate assets of Remat Al-Riyadh Development for SAR1.4bn.

Arriyadh Development Company (ARDCO), a company specializing in public service projects and real estate development, completed the acquisition of real estate assets of Remat Al-Riyadh Development, a development company for SAR1.4bn. The acquisition and capital increase are part of Riyadh Development Company’s broader strategy to bolster its presence in the real estate sector. By integrating these new assets into its portfolio, the company aims to enhance its operational capabilities and market competitiveness, positioning itself for future growth and development in the Saudi real estate market.