Ladun Investment Company Announces the Signing of a Contract for the Infrastructure Development Project for the Namar Lands under the Real Estate Balance Program – Phase One, in Joint Venture with Al-Ayuni Investment and Contracting Company.

Element List	Explanation
Introduction	Ladun Investment Company Announces the Signing of a Contract for the Infrastructure Development Project for the Namar Land under the Real Estate Balance Program – Phase One, to be executed by Ladun Investment Company in joint venture with Al-Ayuni Investment and Contracting Company, with a contract value of SAR 326,699,471 (inclusive of Value Added Tax).
Date of Announcement of the Award	2026-05-05 Corresponding to 1447-11-18
Contract Subject Matter	Infrastructure Development of the Namar Land under the Real Estate Balance Program – Phase One.
The Entity with Which the Contract was Signed	The Royal Commission for Riyadh City
Date of Signing the Contract	2026-06-22 Corresponding to 1448-01-07
Contract Value	SAR 326,699,471 (inclusive of Value Added Tax).
Contract Details	This project involves the design, execution, and delivery of infrastructure works for the Namar land, covering an area of 569,933 square meters, over a three-year construction period followed by two years of operation and maintenance, bringing the total contract duration to five years. The project will be implemented in compliance with the requirements of the relevant authorities, including the Riyadh Region Municipality, National Water Company, Saudi Electricity Company, telecommunications providers, the Real Estate General Authority, the Off-Plan Sales Program (Wafi), and other service providers. The scope of work includes the preparation of detailed master plans and engineering designs, construction of road, water, sewage, power, and telecommunications networks, design of public spaces and parks, coordination and connection to utility services, and ensuring that the land is fully infrastructure-ready for handover to citizens. The project represents a model for integrating urban planning, sustainability, and technology, contributing to enhanced quality of life and increasing the supply of residential real estate in Riyadh
Contract Duration	5 years
Financial Impact and the Relevant Period	Positive impact on the Company's profitability throughout the project execution period.
Related Parties	NA
Additional Information	The Company was notified of the contract signing on 23 June 2026.