{"id":274873,"date":"2023-02-14T15:48:04","date_gmt":"2023-02-14T15:48:04","guid":{"rendered":"https:\/\/old-design.riyadh.dev\/riyadh-development-company-announces-the-launch-of-its-strategy\/"},"modified":"2023-04-29T19:31:12","modified_gmt":"2023-04-29T19:31:12","slug":"riyadh-development-company-announces-the-launch-of-its-strategy","status":"publish","type":"post","link":"https:\/\/old-design.riyadh.dev\/en\/riyadh-development-company-announces-the-launch-of-its-strategy\/","title":{"rendered":"Riyadh Development Company announces the launch of its Strategy."},"content":{"rendered":"\n<figure class=\"wp-block-table is-style-regular has-medium-font-size\"><table><thead><tr><th class=\"has-text-align-right\" data-align=\"right\"><strong>Element List<\/strong><\/th><th class=\"has-text-align-right\" data-align=\"right\"><strong>Explanation<\/strong><\/th><\/tr><\/thead><tbody><tr><td class=\"has-text-align-right\" data-align=\"right\">Announcement Detail<br\/><\/td><td class=\"has-text-align-right\" data-align=\"right\">Riyadh Development Company is pleased to announce the launch of the Company\u2019s new Strategy for the coming 10 years. The Strategy targets to anchor the Company\u2019s position in real estate development and public goods services to keep pace with the economic renaissance in the Kingdom, and to enhance its efforts in improving performance that contributes to sustainable growth in line with Saudi Vision 2030 and Riyadh Strategy ambition.    <br\/><br\/>Highlights:<br\/><br\/>\u2022 Achieve sustainable growth through investment diversification and improve return on assets.<br\/>\u2022 Focus on real estate development and development management activities in real estate priority segments.<br\/>\u2022 Achieve targeted efficiency in operational activities and property management.<br\/>\u2022 Pioneering in fresh produce sector and leverage on the Company\u2019s leading position in public goods markets.<br\/>\u2022 Shift toward a holding structure in line with achieving business maturity in the Company\u2019s different sectors.<br\/><br\/>Key Objectives:<br\/><br\/>\u2022 Improve operational efficiency and upgrade the Company\u2019s business infrastructure.<br\/>\u2022 Maximize return on current assets value.<br\/>\u2022 Expand in real estate development management and property management activities.<br\/>\u2022 Establish and develop new business sectors.<br\/>\u2022 Double the Company\u2019s net income within the coming 10 years.<br\/>\u2022 Sustainable growth through building quality partnerships.<br\/>\u2022 Improve the Company\u2019s capital structure by diversifying source of funding.<br\/>\u2022 Maximize shareholders total return as an outcome of the Strategy through dividend and potential capital gain.<br\/><br\/>Further announcements to follow with any material update.<br\/><br\/>God bless<\/td><\/tr><\/tbody><\/table><\/figure>\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n<p class=\"has-text-align-right\">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.     <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Element List Explanation Announcement Detail Riyadh Development Company is pleased to announce the launch of the Company\u2019s new Strategy for the coming 10 years. The Strategy targets to anchor the Company\u2019s position in real estate development and public goods services to keep pace with the economic renaissance in the Kingdom, and to enhance its efforts [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":274513,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[42],"tags":[],"class_list":["post-274873","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-governance-en"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Riyadh Development Company announces the launch of its Strategy. - Riyadh Development Company<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/old-design.riyadh.dev\/en\/riyadh-development-company-announces-the-launch-of-its-strategy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Riyadh Development Company announces the launch of its Strategy. - Riyadh Development Company\" \/>\n<meta property=\"og:description\" content=\"Element List Explanation Announcement Detail Riyadh Development Company is pleased to announce the launch of the Company\u2019s new Strategy for the coming 10 years. 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