The SAR 184.5 million transaction will be settled in three installments over up to 18 months.
Riyadh Development Co.said it signed an agreement on April 22 tosell all of its units inAl Arabi Riyadh Development Real Estate Fundto Sumou Holding Co. for SAR 184.5 million, according to a statement to Tadawul. 
The consideration will be paid in three installments over a period not exceeding 18 months, backed by a promissory note for the full amount. The deal carries no preferential terms and remains subject to shareholder approval.
The company said the transaction will have no impact on its 2026 income statement, as the full profit was recognized in 2025 based on the latest approved valuation.
The original investment stood at about SAR 182.5 million as of Jan. 9, 2025, with the valuation reaching SAR 184.5 million at the end of 2025.
The SAR 184.5 million transaction will be settled in three installments over up to 18 months.
Riyadh Development Co.said it signed an agreement on April 22 tosell all of its units inAl Arabi Riyadh Development Real Estate Fundto Sumou Holding Co. for SAR 184.5 million, according to a statement to Tadawul.
The consideration will be paid in three installments over a period not exceeding 18 months, backed by a promissory note for the full amount. The deal carries no preferential terms and remains subject to shareholder approval.
The company said the transaction will have no impact on its 2026 income statement, as the full profit was recognized in 2025 based on the latest approved valuation.
The original investment stood at about SAR 182.5 million as of Jan. 9, 2025, with the valuation reaching SAR 184.5 million at the end of 2025.
