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Ladun Investment Co. Announces that its Board of Directors has approved an increase in the capital of one of its subsidiaries, "Painite Operations and Maintenance Company."

9535
LADUN
-1.60 %
1446/04/27     30/10/2024 16:24:11

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Announcement Detail Ladun Investment Company announces that its Board of Directors has approved a request from its subsidiary, Painite Operations and Maintenance Company, to increase its capital from SAR 300,000 to SAR 10 million, in accordance with applicable regulations.

This step aligns with Ladun Investment’s strategic objectives to empower its executive arm in the field of facilities management and operations, "Painite Operations and Maintenance Company," to expand its business and strengthen its financial position. The facilities management market continues to grow, with increasing demand for highly professional companies in the field.

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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Key Parameters
Last Price 3.7
Net Change -0.06 (-1.6%)
Value Traded (Sar) 479,474.96
Volume Traded 128,796
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