23 Hrs
Source:
الاقتصادية
Al Riyadh Construction Boosts Securitization After 'A' Score
Riyadh Development Company has received a credit rating of -A from S&P Global Ratings, which enhances its financing capabilities and provides it with the opportunity to issue sukuk and debt instruments to support its expansions. The company holds liquidity approaching one billion riyals and a real estate portfolio valued at approximately 4.2 billion riyals. It is guided by strategies to diversify its income sources and improve its financial structure, with expectations that its rating will not deteriorate in the near future.
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