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Riyadh Development Company announces the latest developments regarding the signing of a memorandum of understanding with Riyadh Holding Company to establish a unified entity to develop the Deira neighborhood markets.
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ARDCO
-0.19
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1445/11/15 23/05/2024 15:57:12
| Element List | Explanation |
|---|---|
| Introduction | In reference to the Riyadh Development Company’s announcement of the signing of a memorandum of understanding with Riyadh Holding Company, aiming to establish a pioneering entity in the development and real estate management sector in the Deira district in central Riyadh and to enhance cooperation between the two parties through launching qualitative investment projects that raise the quality of services and achieve the aspirations of shareholders, and the memorandum was signed. On 05-21-2023 AD for one year |
| Previous Announcement | Signing a memorandum of understanding with Riyadh Holding Company to establish a unified entity to develop the Deira neighborhood markets |
| Date of Previous Announcement on Saudi Exchange’s Website | 2023-05-22 Corresponding to 1444-11-02 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | The MoU was extended for an additional 6 months |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | Not applicable |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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