Element List	Explanation
Introduction	LADUN Investment Company announces the latest updates regarding its owned residential and commercial complex located in the Al-Sulaimania district in Riyadh, which is built on a land area of 10,000 sqm. The update pertains to the signing of an agreement with Cheval Collection to operate the “Cheval Maison Al-Sulaimania” project.
Previous Announcement	Ladun Investment Company announces the acquisition of a residential and commercial complex in the Al-Sulaimania district in Riyadh, covering an area of 10,000 square meters, with a total value of SAR 83,850,000
Date of Previous Announcement on Saudi Exchange’s Website	2024-11-03 Corresponding to 1446-05-01
Hyperlink to the Previous Announcement on the Saudi Exchange Website	Click Here
Latest Developments Of The Announced Event	An agreement was signed with Cheval Collection on November 18, 2025, to operate a residential complex comprising more than 150 serviced “Deluxe” units. Implementation is scheduled to begin at the beginning of 2026, with operations expected to commence in early 2028.
The costs associated with the event, and if they have changed or not with indication of the reasons.	Regarding the operating agreement, there are no upfront costs, as the operator will receive a percentage of the revenue and net profits in return for the operation. As for the project’s construction costs, the initial estimated cost is approximately SAR 150 million.