On June 21, 2026, Riyadh Development Company announced it received its first credit rating of (A-) on the Saudi Arabian national scale from S&P Global Ratings with a stable outlook, placing it in the investment-grade category. The rating reflects the company's strong financial position, low leverage levels, and robust liquidity supported by cash balances and short-term investments approaching SAR 1 billion. This achievement results from the disciplined execution of the company's "Invest for Growth" strategy launched in early 2023, which focuses on operational efficiency improvements and portfolio diversification. The company currently has approximately SAR 9 billion worth of projects under development, supporting its transformation toward a holding company model and sustainable long-term growth.

Original announcement:

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