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Riyadh development

Riyadh development

Saudi Arabia
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Riyadh development

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Core Evaluation

Comprehensive assessment of developer's core competencies

Track Record

Riyadh Development (Arriyadh Development Company) is a Saudi joint-stock company established in 1994 and publicly listed on Tadawul, with operations in the real-estate sector. Its interim financial reporting shows active participation in real-estate development/investment structures, including equity-accounted investees and joint ventures linked to market property transfers and development activities.

Financial Credibility

As a listed Tadawul company, it publishes IFRS-based financial statements and disclosures, indicating a formal reporting framework. Public disclosures also show structured partnerships and asset transfers into joint ventures (e.g., property contributions and capital arrangements), which provides some visibility into financing and governance mechanisms.

Project Quality

Publicly available sources reviewed are primarily corporate disclosures and profiles rather than independent, completed-project quality assessments. The available evidence supports active development/investment activity, but does not provide reliable third-party evaluations of construction quality or delivery workmanship.

Legal & Regulatory Standing

Its status as a publicly listed company implies ongoing regulatory oversight and disclosure obligations under the Saudi capital market framework. No public records of regulatory sanctions were identified in the reviewed sources, but project-level permitting/approval documentation was not available in these materials.

Customer Experience

No consistent, attributable public record of buyer/tenant satisfaction and after-sales performance was identified in the reviewed sources. Corporate disclosures focus on financial and investment structure rather than customer service outcomes, limiting assessment.

Market Reputation

The company’s long operating history and public listing support a perception of established market presence. Independent reputation assessments in the reviewed sources are limited, but public-market participation generally indicates higher transparency relative to private developers.

Innovation & Sustainability

No specific public sustainability certifications, quantified green targets, or ESG reporting indicators were identified in the reviewed sources. Some disclosures reference development using modern construction methods within investee activities, but details are insufficient to evaluate sustainability adoption.