ARDCO Annual Report 2023 English

Table of Contents

01 Introduction

5

03 Financial Results 2023 Key Results & Indicators

25

Foreword

6 7 8

26 27

Board of Director ’ s Letter

Company Performance

Glossary of Terms

04 Governance

34

02 Overview

9

Governance

35 46 47 47 48 48

Our Journey

10

Disclaimer & Transparency Policy

Our Business Sectors

11

Risk Management

Our Projects Our Strategy

14 15 16 24

ARDCO’s Potential Risks

Dividend Policy

Highlights & Achievements Opportunities & Challenges

Internal Audit Results

2023 Facts & Figures

50 51

Conclusion

05 Financial Statements

52

Disclaimer‡ This Annual Report covers financial and operational aspects of ARDCO and is issued in both Arabic and English The print version is identical to its PDF counterpart , which is available at riyadhdev The Arabic version prevails in the event of any discrepancy The images in this document are representative of the services provided by ARDCO

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