Ladun Investment Signs Framework Agreement For Al Khalidiyah Project In Makkah

About this update from Ladun Investment Company

Ladun Investment Company TADAWUL:9535:LADUN INVESTMENT - SIGNS FRAMEWORK AGREEMENT FOR AL KHALIDIYAH PROJECT IN MAKKAHLADUN INVESTMENT - ESTABLISHMENT OF A REAL ESTATE FUND WITH A CAPITAL OF NOT LESS THAN SAR 4 BILLIONLADUN INVESTMENT - AGREEMENT FOR DEVELOPMENT OF AL KHALIDIYAH INFORMAL AREA IN MAKKAHLADUN INVESTMENT - TERM OF THE FUND SHALL BE FIVE (5) YEARS, EXTENDABLE FOR TWO (2) ADDITIONAL ONE-YEAR PERIODSLADUN INVESTMENT - FUND WILL ACQUIRE PROJECT LAND THROUGH TRANSFER OF OWNERSHIP BY ROYAL COMMISSION IN FAVOR OF FUNDLADUN INVESTMENT - PARTNERSHIP IN PROJECT WITH 50% FOR LADUN INVESTMENT, 50% FOR AL-AYUNI INVESTMENT AND CONTRACTING CO

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