Mohammed Alkulaib, CFO ofRiyadh Development Co. (ARDCO)
The total value of Riyadh Development Co.’s (ARDCO) investments in projects in which it participates amounts to approximately SAR 9 billion, of which the company’s share exceeds SAR 3 billion, said CFO Mohammed Alkulaib.
He told Al Arabiya TV that the projects will be financed through several sources, including in-kind land contributions, available cash liquidity and borrowings from financing institutions, noting that the company currently holds cash liquidity of more than SAR 1.08 billion.
Mohammed Alkulaib, CFO ofRiyadh Development Co. (ARDCO)
The total value of Riyadh Development Co.’s (ARDCO) investments in projects in which it participates amounts to approximately SAR 9 billion, of which the company’s share exceeds SAR 3 billion, said CFO Mohammed Alkulaib.
He told Al Arabiya TV that the projects will be financed through several sources, including in-kind land contributions, available cash liquidity and borrowings from financing institutions, noting that the company currently holds cash liquidity of more than SAR 1.08 billion.
