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Riyadh Development Company announced the submission of its capital increase application file to the Capital Market Authority.
The company announced in a statement in Tadawul on Wednesday.
This comes in the context of the Company's announcement on September 1, 2024 (Tadawul), that it concluded an acquisition agreement for two real estate properties with Remat Riyadh Development Company by increasing the company's capital by issuing new shares to Remat Riyadh Development in exchange for Was. For its in-kind contribution of those assets to the company.