Riyadh Development Company (ARDCO) Announces the Transfer of Al-Aziziyah Wholesale Fruits & Vegetable Market Assets to a Wholly Owned Subsidiary | premargin

Riyadh Development Company (ARDCO) Announces the Transfer of Al-Aziziyah Wholesale Fruits & Vegetable Market Assets to a Wholly Owned Subsidiary

TadawulJanuary 5, 2026View on exchange

Element List	Explanation
Announcement Detail	Riyadh Development Company (ARDCO) announces the transfer of the assets of Al-Aziziyah Wholesale Fruits and Vegetable Market to its wholly owned subsidiary, Hulul Salasil Imdad Almontajat Altazija Company (a closed joint-stock company). This step comes as an implementation of the Company’s strategy under the theme “Investing for Growth,” which was launched in early 2023, and aims to organize and restructure operating activities, maximize total return of assets the through enhancing efficiency of asset portfolio management, and support structured expansion in fresh produce sector and its relevant value chain, in line with the Company’s transition toward a holding company structure. The Company confirms that this transaction has no financial impact on the financial statements of Riyadh Development Company (ARDCO).

Element List

Explanation

Announcement Detail

Riyadh Development Company (ARDCO) announces the transfer of the assets of Al-Aziziyah Wholesale Fruits and Vegetable Market to its wholly owned subsidiary, Hulul Salasil Imdad Almontajat Altazija Company (a closed joint-stock company).

This step comes as an implementation of the Company’s strategy under the theme “Investing for Growth,” which was launched in early 2023, and aims to organize and restructure operating activities, maximize total return of assets the through enhancing efficiency of asset portfolio management, and support structured expansion in fresh produce sector and its relevant value chain, in line with the Company’s transition toward a holding company structure.

The Company confirms that this transaction has no financial impact on the financial statements of Riyadh Development Company (ARDCO).