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Announcement by Ladun Investment Company regarding the award of the infrastructure development project for the land (Namar) under the Real Estate Balance Program – Phase One, to Ladun Investment Company in consortium with Al Ayuni Investment and Contracting Company, by the Royal Commission for Riyadh City, with a total value of SAR 326,699,471.44 (inclusive of VAT).
| Element List | Explanation |
|---|---|
| Introduction | Announcement by Ladun Investment Company regarding the award of the infrastructure development project for the land (Namar) under the Real Estate Balance Program – Phase One, to Ladun Investment Company in consortium with Al Ayuni Investment and Contracting Company, by the Royal Commission for Riyadh City, with a total value of SAR 326,699,471.44 (inclusive of VAT). |
| Date of Award | 2026-05-05 Corresponding to 1447-11-18 |
| Counterparty | Royal Commission for Riyadh City |
| Project Value | SAR 326,699,471.44 (inclusive of VAT) |
| Expected Date for Signing the Contract | 2026-05-21 Corresponding to 1447-12-04 |
| Project Details | This project includes the design, execution, and delivery of infrastructure works for the Namar land (569,933 sqm) in accordance with the highest technical and operational standards, while complying with the requirements of the relevant authorities (Riyadh Municipality, National Water Company, Saudi Energy Company, telecommunications companies, Real Estate General Authority, off-plan sales program “Wafi”, and other service providers). The scope of work includes preparing the detailed master plan and executive designs; implementing road, water, sewage, electricity, and telecommunications networks; designing public realm spaces and parks; coordinating and connecting utility services; and ensuring the land is fully ready for handover to citizens with complete infrastructure. The project represents a model of integration between urban planning, sustainability, and technology, contributing to improving quality of life and increasing the supply of residential real estate in the city of Riyadh. |
| Related Parties | NA |
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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