Approval Information
In order to develop PPA’s financial resources and diversify its investments, Raidah Investment Company – RIC - was established by Royal Decree No M/9 dated 9/3/1428 AH, 28/3/2007 AD as a closed joint-stock company registered in Saudi Arabia.
Based on a clear investment strategy, RIC manages PPA’s portfolio in line with the best global practice in order to maximize the investment return consistent with prudent risk.
History
2007
Establishment of RIC
Through a royal decree (No. 53); The license to establish Raidah Investment Company (RIC) was approved to be a closed shareholding Saudi company
2017
Transformed into the investment arm of PPA
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