‎Riyadh Development shareholders approve 31.58% capital hike to acquire 2 real estate assets

‎Riyadh Development shareholders approve 31.58% capital hike to acquire 2 real estate assets ‎Riyadh Development shareholders approve 31.58% capital hike to acquire 2 real estate assets

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Logo ofRiyadh Development Co.

Riyadh Development Co.’sshareholders approved increasing capital by 31.58% from SAR 1.78 billion to SAR 2.34 billion, during the extraordinary general meeting (EGM) held on Feb. 3.The capital top-up is aimed at facilitating the acquisition of two real estate assets owned by Remat Al-Riyadh Development Co.

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Logo ofRiyadh Development Co.

Riyadh Development Co.’sshareholders approved increasing capital by 31.58% from SAR 1.78 billion to SAR 2.34 billion, during the extraordinary general meeting (EGM) held on Feb. 3.The capital top-up is aimed at facilitating the acquisition of two real estate assets owned by Remat Al-Riyadh Development Co.

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