On July 13, 2026, Riyadh Development Company (ARDCO) announced its compliance with the Global Investment Performance Standards (GIPS®) for Asset Owners, administered by the CFA Institute, along with the successful completion of an independent verification of its investment performance policies and procedures conducted by The Spaulding Group Performance (TSGP). The project was carried out in two phases, encompassing the development of a governance framework, policies, and performance calculation methodologies, followed by the independent verification. This achievement aims to strengthen transparency, institutional governance, and consistent performance reporting for investors, lenders, and regulators, and forms part of ARDCO's broader institutional excellence program aligned with Saudi Vision 2030.

Original announcement:

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