Riyadh Development says MoU signed with SALIC valid for one year

19/02/2025 Argaam
Logo ofRiyadh Development Co.

Logo of Riyadh Development Co.

Riyadh Development Co. stated that the memorandum of understanding (MoU) signed with the Saudi Agricultural and Livestock Investment Co. (SALIC), a subsidiary of the Public Investment Fund (PIF), is valid for one year.

 

In a statement to Tadawul, the developer added that there is no financial impact of signing the MoU at present.

 

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Any contracts that may arise and their financial impact will be announced in due course, the company noted, adding that there are no related parties.

 

Riyadh Development earlier signed a strategic agreement with SALIC to enhance food security in Saudi Arabia.

 

The partnership aims to develop value chains and support services in the agricultural sector, as well as facilitate farmers’ access to high-quality agricultural inputs, and diversify sales channels, enabling them to reach multiple markets, according to Argaam data.

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