Riyadh – Mubasher: The board members of Ladun Investment Company approved an agreement to renew Sharia-compliant facilities totalling SAR 181.59 million from Riyad Bank.

The approval was granted on 23 July 2024 for the funding date of 22 July this year. Meanwhile, the financing duration ranges between one and five years, according to a bourse disclosure.

Ladun aims to use the funding for its working capital, project financing, and land acquisitions.

Recently, a subsidiary of the listed company entered into agreements with the Saudi Ministry of Municipalities and Housing as well as the Royal Commission for Jubail and Yanbu (RCJY).