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Ladun Investment Co. issued prospectus for offering 5 million shares, or 10% of its capital, on Nomu- Parallel Market.

 

The Capital Market Authority (CMA) approved, on March 28, the application received from the company to offer 10 % of its capital on Nomu.

 

The offer will be limited to qualified investors categories as defined in the glossary used in CMA's regulations and rules.

 

The offering will run from May 22 through 26.

The company's capital amounts to SAR 500 million, divided into 50 million fully-paid ordinary shares, with a nominal value of SAR 10 each.

 

The company's business covers real estate operations, including the purchase and sale of land plots and properties; management and leasing of residential and non-residential properties; and real estate development.

 

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