Riyal Investment and Development Company
Climate Impact & Sustainability Data (2021-12 to 2022-12)
Reporting Period: 2021-12 to 2022-12
Environmental Metrics
Climate Goals & Targets
Medium-term Goals:
- Continuing to grow the customer base in the current three regions (Central, Western and Eastern), expanding its activities to the northern and southern regions efficiently to meet the demand for rental vehicles and continuing to improve the fleet mix and vehicle categories to provide popular and marketable types of cars to meet the needs of customers.
- Drive growth in commercial vehicle leasing
Short-term Goals:
- Establish an internal audit department
Environmental Challenges
- Risks related to purchasing vehicles
- Risks related to the Company's ability to sell vehicles after expiry of their service life
- Risks related to a failure to estimate the costs and pricing for long- and short-term leasing services
- Risks related to the inaccurate estimates of market demand for short-term leasing
- Risks of the Company’s reliance on financial leasing to purchase vehicles
- Risks related to Lack of Experience in managing a publicly listed Company
- Risks related to Non-compliance with the Capital Market Law and its Implementing Regulations
- Risks of Management Decisions
- Risks related to Employee Errors or Misconduct
- Risks of non-compliance with the terms and pledges of the existing credit facilities
- Risks related to the personal guarantees provided by shareholders
- Risks related to working capital management
- Risks related to the availability of financing in the future
- Risks related to credit
- Risks related to the Company's payables
- Risks related to contingent liabilities
- Risks related to the vacancy of the position of the internal audit department
- Risks related to transactions and contracts with related parties
- Risks related to Saudization Requirements
- Risks related to Natural Disasters
- Risks related to the structural changes in the transport sector
- Risks related to the spread of infectious diseases and epidemics
- Risks related to non-issuance or non-renewal of necessary licenses, permits and certificates
- Risks related to non-compliance with the quality standards and specifications required by clients
- Risks related to potential Zakat entitlements and additional claims
- Risks of concentration of revenues
- Risks related to the geographical concentration of the Company's business
- Risks related to the rental of real estate
- Risks of relying on key employees and executive management
- Risks of relying on non-Saudi employees
- Risks of unavailability of insurance coverage
- Risks related to operating systems and information technology
- Risks related to the protection of trademarks and intellectual property rights
- Risks related to the inability to implement the Company's strategic plan
- Risks related to lawsuits and fines
- Risks related to the Economic Performance of the Kingdom
- Risks related to the instability of Political and Economic in the Middle East
- Risks related to violating the Companies Law
- Risks related to the competition environment
- Risks related to VAT
- Risks related to changes in fuel prices
- Risks related to the Mandatory Application of the Corporate Governance Regulations
- Risks of changes in relevant laws and regulations
- Risks related to currency exchange rate fluctuations
- Risks related to interest rate volatility
- Risks of growth opportunities
- Risks related to changing the mechanism for calculating Zakat and Income Tax
- Risks related to imposition of new Duties or taxes
- Risks related to potential fluctuation in the Share Price
- Risks related to the Liquidity of the Offer Shares
- Risks related to the actually Control by Substantial Shareholders
- Risks related to Selling a Large Number of Shares in the Parallel Market after the Offering
- Risks related to lack of previous market of the Company's Shares
- Risks related to non-distribution of dividends to the Shareholders
- Risks related to the issuance of new Shares in Future
- Risks related to the inability of The Company to fulfil the Requirements for transition to the Main Market or any Future Regulatory Requirements
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: IFRS
Third-party Assurance: KPMG Professional Services