Saudi Arabia's Ardco Transfers Al-Aziziyah Wholesale Fruits Market Assets to Unit

08:10 AM EST, 01/05/2026 (MT Newswires) -- Arriyadh Development (SASE:4150), d/b/a Ardco, said Monday it transferred the assets of the Al-Aziziyah Wholesale Fruits and Vegetable Market to its wholly owned subsidiary, Hulul Salasil Imdad Almontajat Altazija Co. The Saudi Arabian property group said the transaction is part of its "Investing for Growth" strategy and is aimed at restructuring operating activities, maximizing returns, and improving asset management efficiency. The transaction will have no financial impact on its financial statements.