Strategy and Corporate Communications Achievements • Development and launch of ARDCO’s new corporate identity. • Completion of 66% of Phase 1 (2023-24) of our strategic initiatives. • Won the Philip Kotler Award 2023 for Best Entertainment and Culture Campaign in Saudi Arabia for our National Day 93 campaign.
An Overview of Our 2023 Achievements 2023 was a year of significant achievements for ARDCO, with the completion of multiple projects that mark a key milestone in our transformation, ultimately contributing to national economic progress. Our achievements this year fell across 7 key pillars: 01. Strategy and Business Development ARDCO launched its new corporate strategy with the objective of achieving sustainable financial returns for our investors by diversifying our sources of income across multiple sectors. We also launched a new corporate identity and brand consistent with our vision , along with a new corporate website with an investor relations portal. Additionally , we activated our social media accounts to increase engagement , as well as providing full coverage of our strategic partnership signing ceremonies. Stage Strategy Implementation Roadmap Phase 1 2023-24 Expected outcomes: • Improving operational efficiency and business infrastructure. 10 years implementation plan 10 years implementation plan Within the first year of Phase 1 , 133% of our strategic initiatives were achieves (66% of the total Phase 1) Phase 2 2024-27 Expected outcomes: • Strengthening ARDCO’s position as a leading developer in key real estate sectors. • Diversifying via broader operational scopes while accruing revenues on investments in targeted sectors. Phase 3 2027-2032 Expected outcomes: • Expanding investments in targeted sectors. • • Maximizing returns on current assets. • Divesting untapped and/or poorly performing assets. • Further building and developing priority business sectors. 10 years implementation plan 2023 2024 2025 2026 2027 2032 2023 2024 2025 2026 2027 2032 2023 2024 2025 2026 2027 2032
Sustainability ARDCO places the principles of sustainability at the core of our business , setting it at the top of our list of priorities and strategies. We are keen to integrate these principles into all aspects of our activities , as we have created sustainable sources of income that effectively contribute to enhancing our financial stability in the long term. This approach enables us to reconcile our short-term goals , which focus on growth-generating investments , with the long-term goals of maximizing total shareholder return , in step with the ambitious economic renaissance witnessed in the Kingdom. Through this approach , we seek to establish a platform for sustainability , carefully balancing between achieving immediate growth , as well as ensuring continued success and profitability for the future. By adopting these principles , we ensure that every step we take contributes to building a solid foundation for a sustainable future that benefits both our shareholders and the overall community.
Solidifying ARDCO’s position as a top institutional developer and expanding in the fields of development management and property management. Approaching closer towards a holding company business model as business lines continue to mature.
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