On May 18, 2026, Ladun Investment Company announced that its Board of Directors approved a Shariah-compliant credit facilities agreement with Saudi Awwal Bank totaling SAR 154,769,575. The five-year financing facility is designated for fulfilling contract requirements and executing 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. The financing is secured by a promissory note for the total facility value and an assignment of project revenues.

Original announcement:

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