Ladun signs SAR 173.9M Riyadh land investment deal

31/03/2026 Argaam
Logo ofLadun Investment Co.

Logo of Ladun Investment Co.

Ladun Investment Co. signed a 25-year land investment agreement with State Properties General Authority (SPGA) for a site located on Makkah Road, Al-Maathar Al-Shamali district in Riyadh.

 

The 8,000-square meter (sqm) land plot will be developed into a mixed-use project, including construction, operation and management, Ladun said in a statement to Tadawul.
 
The contract is valued at SAR 173.9 million, excluding VAT, and grants the company usufruct rights over the land for the agreement term.
 
Ladun said the financial impact is expected to start from 2028 through to the end of the contract term.

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