Logo ofLadun Investment Co.
Ladun Investment Co. sold a 50,000-square-meter land plot in Riyadh’s Al Rimal district for SAR 117.5 million, excluding real estate transaction tax and brokerage fees. 
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The property was acquired equally by Fahad Al-Shibayani (50%) and Nasser Al-Shibayani (50%). Its book value stood at SAR 80.63 million.
The sale aims to generate profit from an asset initially acquired for development and resale. Ladun expects a positive financial impact in 2025 and a reduction in financing obligations.
Proceeds will repay a loan from Bank Albilad used to acquire the land. The remaining funds will support the company’s operations. No related parties were involved.
Argaam estimates the deal generated a capital gain of SAR 36.87 million.
Logo ofLadun Investment Co.
Ladun Investment Co. sold a 50,000-square-meter land plot in Riyadh’s Al Rimal district for SAR 117.5 million, excluding real estate transaction tax and brokerage fees.
For more news on listed companies
The property was acquired equally by Fahad Al-Shibayani (50%) and Nasser Al-Shibayani (50%). Its book value stood at SAR 80.63 million.
The sale aims to generate profit from an asset initially acquired for development and resale. Ladun expects a positive financial impact in 2025 and a reduction in financing obligations.
Proceeds will repay a loan from Bank Albilad used to acquire the land. The remaining funds will support the company’s operations. No related parties were involved.
Argaam estimates the deal generated a capital gain of SAR 36.87 million.
