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Arriyadh Development Co. Capital/Financing Update 2022

Mar 6, 2022

53402_rns_2022-03-06_31219f58-925e-460c-9870-fa1b3c7ff276.html

Capital/Financing Update

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Arriyadh Development Company announces that it has liquidated 95% of its investment portfolio

4150 · 06/03/2022 08:06:17 · Announcement #66960 · View on Saudi Exchange

Arriyadh Development Company announces that it has liquidated 95% of its investment portfolio

Element List Explanation
Announcement Detail Arriyadh Development Company announces that on March 03, 2022 AD, has liquidated 95% of its investment portfolio, which resulted in profits from selling shares with an approximate value of SR25 million, and the positive impact will appear on the financial statements for the first quarter of 2022.

Note that there are no related parties in this transaction.

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.