Element List	Explanation
Introduction	Ladun Investment Company is pleased to announce the signing of a land investment agreement in Al Maathar Al Shamali district, on Makkah Al Mukarramah Road in the city of Riyadh, with the General Authority for State Properties for a term of 25 years.
Date of Announcement of the Award	2026-03-31 Corresponding to 1447-10-12
Contract Subject Matter	The investment covers a plot of 8,000 square meters for the construction, operation, and management of a mixed-use building.
The Entity with Which the Contract was Signed	State Properties General Authority
Date of Signing the Contract	2026-03-31 Corresponding to 1447-10-12
Contract Value	SAR 173,891,448 (One hundred seventy-three million, eight hundred ninety-one thousand, four hundred forty-eight riyals), excluding VAT.
Contract Details	The investor is granted a usufruct right for 25 years to invest in a plot of land in Al Maathar Al Shamali district, on Makkah Al Mukarramah Road in Riyadh, covering 8,000 square meters, for the construction, operation, and management of a mixed-use building.
Contract Duration	25 Years
Financial Impact and the Relevant Period	The financial impact will take effect starting in 2028 and continue until the end of the contract.
Related Parties	None