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S&P assigns A- to Construction
Riyadh Development Company received an A- credit rating from S&P, with a stable outlook, marking the company's first credit rating in Saudi Arabia. The rating reflects the strength of its financial position and financial discipline, as it maintains strong liquidity of around one billion riyals. The company continues to execute its growth and diversification strategies, with ongoing development projects valued at nearly 9 billion riyals.
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