Ladun partners with Hawyia Auctions to market Makkah lands

19/11/2025 Argaam- Nomu
Ladun says as many as511 land parcels of varying areas and prices will be marketed by Hawiya Auctions under the deal

Ladun says as many as 511 land parcels of varying areas and prices will be marketed by Hawiya Auctions under the deal

Ladun Investment Co. signed an agreement with Hawyia Auctions Co. to market its lands in the Al-Usaylah master plan in Al-Malqa Suburb, Makkah. The contract value will be determined based on a percentage of sales commission.

 

In separate statements to Tadawul, both companies said Hawyia Auctions will market Ladun’s lands from Nov. 19 until Dec. 31, 2027.

 

A total of 511 land parcels, covering 408,537 square meters, will be marketed in multiple phases, targeting sales exceeding SAR 1 billion.

 

The contractual term is 25 months and 11 days. Both companies said there are no related parties involved.

 

They added that the contract is expected to have a positive impact by generating revenue from land sales, with the effect anticipated to begin in Q4 2025 and continue through the end of the contract.

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