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Al Riyadh Development Gets A- Rating from S&P
Riyadh Development Company has received a long-term credit rating of 'A−' from Standard & Poor's global agency, with a stable outlook—its first such rating for the company. This rating reflects the strength of its financial position, the quality of its asset portfolio valued at approximately 9 billion SAR, and its ability to meet financial obligations. It also highlights its liquidity and short-term investments approaching 1 billion SAR. This rating comes as part of the company's efforts to expand its portfolio and its strategic shift towards a holding company model to support sustainable growth.
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