Saudi real estate developer "Ladan" renews its plans to move from growth to the main market.

By Fatima Al-Kashef

Saudi real estate development and asset management company Laden Investment, listed on the parallel market “Nomu”, has renewed its plans to move to the main market of the Saudi Stock Exchange, at a time when real estate companies are expanding and their businesses are growing as the real estate sector in the Kingdom accelerates.

According to a statement released by the Saudi Stock Exchange on Sunday, the company has submitted a request to transfer to the main market. The company had previously attempted this move at the end of last year but needed to fulfill certain requirements.

The real estate sector – one of the most active non-oil sectors in the Kingdom, which is seeking to diversify its economy away from oil – has contributed about 14% to the Kingdom’s GDP, according to the latest data issued by the Saudi General Authority for Real Estate.

In points: A profile of "Laden"

(Based on market data, company website, annual reports + prospectus)

Its activity dates back to the late sixties and it was listed on the parallel market “Nomu” in 2022.

Its operations are concentrated within Saudi Arabia.

Its activities extend to residential, commercial, mixed-use projects, contracting, construction, manufacturing, and the management, operation, and maintenance of assets and facilities, through specialized factories and subsidiaries.

- Its trading arm, Belt Trading, has an office in China, working to support project supply chains by providing materials and supplies not manufactured locally, in addition to seeking investment and acquisition opportunities.

- During the first quarter of 2026, the company's losses worsened by more than 614% year-on-year, recording net losses of 39.8 million riyals ($10.6 million), with revenues declining by about 50% to 163.3 million riyals, in addition to increased costs.

(Prepared by: Fatima Al-Kashef, Edited by: Shaimaa Hefzy, Contact: zawya.arabic@lseg.com )

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