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Al-Ta'mir scores A- rating from S&P
Riyad Real Estate Development Company has received a credit rating from S&P Global Ratings of A- with a stable outlook, the first rating the company has obtained, which enhances its position within the investment-grade category in Saudi Arabia. The rating reflects the company's strong financial position, financial discipline, asset quality, and solid liquidity with cash and investments approaching one billion Riyals. These ratings are part of the "We Invest for Growth" strategy, which begins with improving efficiency and diversifying the portfolio, targeting development projects worth around 9 billion Riyals to support sustainable growth.
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