Arriyadh Development Company achieved a growth of 34.7% in its third-quarter net profit of this year.
According to Arabiya Net, the company said in a statement that its net profits amounted to 55.1 million riyals, compared to 40.9 million riyals during the same period last year.
The company attributed the increase in profits to the profits of the company from the results of the associate's business despite the slight decrease in the company's operating income during this quarter as a result of two of its operating positions affected, namely The Center for Public Transport and the International Construction Auction for cars due to the decisions issued by the competent authorities as part of the precautionary measures to limit the spread of the new Corona virus.
