Arriyadh Development Co. — Capital/Financing Update 2025

Feb 19, 2025

Riyadh Development Company announces signing a Memorandum of Understanding with Saudi Agricultural and Livestock Investment Company (SALIC)

4150 · 19/02/2025 08:27:28 · Announcement #85335 · View on Saudi Exchange

Riyadh Development Company announces signing a Memorandum of Understanding with Saudi Agricultural and Livestock Investment Company (SALIC)

Element List	Explanation
Introduction	Riyadh Development Company signed a memorandum of understanding with the Saudi Agricultural and Livestock Investment Company (SALIC), a subsidiary of the Public Investment Fund, specializing in agricultural investment and developing food supply chains. This memorandum comes within the framework of the efforts of both parties to enhance food security in the Kingdom, by developing value chains and services supporting the agricultural sector, facilitating farmers’ access to high-quality agricultural inputs, and diversifying sales channels to enable them to reach multiple markets.
Memorandum Signing Date	2025-02-18 Corresponding to 1446-08-19
Counterparty	Saudi Agricultural and Livestock Investment Company (SALIC), a subsidiary of the Public Investment Fund
Memorandum Subject	The partnership aims to improve the infrastructure of agricultural markets and fresh produce, develop logistics services, and establish modern sorting centers and storage warehouses, which will contribute to raising the efficiency of distribution and achieving sustainability in the agricultural sector. The agreement also includes exploring opportunities for geographical expansion across the Kingdom to support the spread of agricultural markets and enhance the efficiency of supply chains, which will contribute to achieving integration between different regions.
Memorandum Duration	One year
Related Parties	There are no related parties.
Financial Impact	There is no financial impact of signing the MOU at the present time and any contracts that may arise and their financial impact will be announced when they occur.

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.