‎Ladun signs Makkah raw land development contract at SAR 33.7M

‎Ladun signs Makkah raw land development contract at SAR 33.7M ‎Ladun signs Makkah raw land development contract at SAR 33.7M

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Logo ofLadun Investment Co.

Ladun Investment Co. signed a 27-month contract to develop a raw land plot spanning 278,500 square meters in Makkah, owned by Al Rajhi Brothers Group Co., noting that the estimated cost of the land development amounted to SAR 33.67M, excluding value added tax.

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The company said in a Tadawul statement that the project is expected to have a positive impact on the company’s results over the project term.

There are no related parties to the contract, the statement added.

 

Logo ofLadun Investment Co.

Ladun Investment Co. signed a 27-month contract to develop a raw land plot spanning 278,500 square meters in Makkah, owned by Al Rajhi Brothers Group Co., noting that the estimated cost of the land development amounted to SAR 33.67M, excluding value added tax.

The company said in a Tadawul statement that the project is expected to have a positive impact on the company’s results over the project term.

There are no related parties to the contract, the statement added.

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