Arriyadh Development liquidates 95% of investment portfolio, makes SAR 25 mln profit

06/03/2022 Argaam
Logo of Arriyadh Development Co.

Logo of Arriyadh Development Co.

Arriyadh Development Co. (ARDCO) liquidated 95% of its investment portfolio, on March 3, generating nearly SAR 25 million profit from the sale of shares.

 

The relevant positive financial impact is expected to show in the first quarter of 2022, the company said in a statement to Tadawul, adding that there are no related parties to the deal.

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