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Announcement of Riyadh Development Company (ARDCO) Regarding the Latest Developments Related to the Announcement of Its Appointment as Developer of a Real Estate Investment Fund Managed by ANB Capital
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tadawul
Element List Explanation
Introduction With reference to Riyadh Development Company’s previous announcement dated 13 October 2024 regarding its appointment as developer of a real estate investment fund managed by ANB Capital, the Company would like to announce the following latest developments.
Previous Announcement Riyadh Development Company announces its appointment as the developer of a SAR 2.1 billion real estate investment Fund managed by ANB Capital.
Date of Previous Announcement on Saudi Exchange’s Website 2024-10-13 Corresponding to 1446-04-10
Hyperlink to the Previous Announcement on the Saudi Exchange Website Click Here
Latest Developments Of The Announced Event Riyadh Development Company (ARDCO) announces the termination of the development management agreement for a real estate investment fund managed by ANB Capital Monday, February 9, 2026, by mutual agreement between the parties.
This comes in light of the Company’s refined strategic priorities.
The Company confirms that this termination has no financial impact on its financial statements, does not result in any financial obligations, and does not affect the Company’s financial position or operational plans.
The costs associated with the event, and if they have changed or not with indication of the reasons. None
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