Ladun secures SAR 154.8M credit facilities with SAB

Logo of Ladun Investment Co.

Ladun Investment Co. said its board of directors approved a Shariah-compliant financing facility provided by Saudi Awal Bank (SAB) at a value of SAR 154.77 million.

 

In a statement to Tadawul, the company explained that the five-year financing will be channeled to fulfilling the requirements for signing the contract and executing the project related to the development of the first package (Al Qirawan and Al Narjis) under the Real Estate Balance Program, awarded by the Royal Commission for Riyadh City.

 

It added that a promissory note for the total value of the facilities was provided as a guarantee for the financing, along with an assignment of the project revenues.

 

The financing was obtained on May 18, 2026, said the company, noting that there are no related parties involved in the deal.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2026, Argaam Investment, All Rights Reserved
Call Request