Arriyadh Development Company was launched as a joint stock company in 1993. Its mission is to develop commercial projects in the Saudi capital, a largely modern conurbation that is now the home of about 3 million people.

The company originated in the work of the Arriyadh Development Authority (ADA), a government agency set up in the early 1980s to implement an ambitious program of developing the historic centre of the city.

This involved a two-phase project which entailed building three major public buildings in the heart of Riyadh, the Justice Palace and the main Imam Turki Ibn Abdullah Mosque. The scheme also encompassed parks, plazas and infrastructure, creating in the heart of Riyadh a pleasant pedestrian zone for work, shopping and religious duties.

Arriyadh was founded to develop the third phase of the central Riyadh area. A total of 10 million shares in the new company were placed with founding shareholders and through a public offering in 1993.

In 1998, Arriyadh completed a stock split which reduced the nominal share value to SR 50 ($13.33) from SR 100 ($26.67) and doubled the number of shares to 20 million. The company is now moving ahead with its first major projects.

These include a proposed SR 250 million ($48 million) shopping, residential and office complex in the Dirra district of Riyadh. The Tameer Centre will cover an 80,000-square-metre site and have about 800 shops and four markets, office space and 110 homes.

The company has completed a SR 250 million ($48 million) wholesale vegetable and meat market in the city centre. Plans included the development of a commercial complex on King Fahad Street and building a residential area in Al-Hamra, north of Riyadh, to serve employees at Riyadh University.

Individuals	N/A
Institutions	N/A
Floating	N/A
Government	N/A

Chairman	Abdulaziz M. Al Megren
Director	Abdullah A. Al Murshad
Director	Abdullah A. Al Rumaizan
Director	Abdulmohsen A. Al Hukair
Director	Fahad A. Al Onbaikan
Director	Mohammed S. Al Bawardi
Director	Nasser M. Al Sebei
Director	Saad A. Al Rusayess
Director	Saad A. Al Suwailem
Director	Salah R. El Rashid

	2005	2004	2003
Total Assets	1,551,367,938	1,487,041	1,432,274
Shareholder's Equity	1,347,266,892	1,281,964	1,236,075
NIAT	61,664,056	42,640	113,497
Dividends	N/A	N/A	N/A

	2005	2004	2003
Assets Growth	104,225.86%	3.82%	-0.63%
Earning Growth	144,515.31%	-62.43%	85.86%
ROaA	7.94%	2.92%	7.90%
ROaE	9.15%	3.39%	9.62%
No. Of Shares	20,000,000	20,000,000	20,000,000
EPS	3,083.20	2.13	5.67
EPS Growth	144,515.31%	-62.43%	85.86%
Payout Ratio	N/A	N/A	N/A

	Trailing
PE
PB
DVPS
Div Yield
EV
EV/Equity

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