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Ladun Investment Co. Announces that its Board of Directors has approved an increase in the capital of its subsidiary, "Built Industrial Company," to SAR 100 million.
| Element List | Explanation |
|---|---|
| Announcement Detail | Ladun Investment Company announces that its Board of Directors has approved a request from its subsidiary, Built Industrial Company, to increase its capital from SAR 500,000 to SAR 100 million. This capital increase will be achieved through a cash injection of SAR 39,500,000 and the conversion of SAR 60 million of Built Industrial’s liabilities owed to Ladun Investment. This transaction will be conducted in accordance with applicable regulations. This step aligns with Ladun Investment’s strategic objectives to enable Built Industrial to expand its operations and strengthen its financial position in preparation for a planned listing on the main market, anticipated to take place in 2027 following the completion of necessary due diligence. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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Last Price 3.56
Net Change -0.14 (-3.78%)
Value Traded (Sar) 385,974.02
Volume Traded 107,487
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