ARDCO Annual Report 2023 English

Opportunities and Challenges We believe that today , after three decades of our endeavors , efforts , and optimizing our capabilities , ARDCO has achieved a strong position in the market This is a result of opportunities in the real estate development sector , embodying our vision , mission , and drive to achieve our strategic objectives to elevate human well-fare We also believe that the key to further enhancing our position is to plan for the future in order to confront all potential challenges As our goals and responsibility rise , so do the challenges As such , we must overcome and look past each challenge to the potential achievements ahead Among the opportunities we wish to seize are¬ • Our transformation into a holding company as we mature our businesses in all our sectors • The upholding of sustainability principles , underlining all efforts we must take to achieve this goal • Deepening our partnerships with regulatory entities , and building strategic companies with other entities • Investing in expected growth opportunities in (residential commercial , education , logistical services , infrastructure , and public good services)

The challenges and difficulties to overcome¬ • Attracting , Attracting, developing and retaining capable talents • Structuring investments via acquiring financing and bank facilities due to unstable interest rates • Countering inflation resulting in high prices of land and building materials

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