According to a bourse disclosure, Ladun Investment Company has signed a rental contract with the Real Estate Development Fund worth SAR 107.96 million.
The development fund will rent an administrative building measuring 11,247 square meters, with four floors and 300 parking spaces in the basement.
The agreement, signed on June 4, will last five years, beginning November 7, 2024.
Ladun highlighted that the deal will reflect positively on its financial results during 2024, 2025, and 2028.
The Tadawul-listed company signed a two-year contract with UK-based Cheval Collection in April.
