Ladun Investment Company announced the approval of the Board of Directors of the facilities granted by Bank Albilad worth SAR 750 million to finance. Financing entity: Albilad bank; Financing amount: SAR 750 million Bai Ajal financing detailed as follows:- SAR 500 million to finance future projects. SAR 250 million to finance the Rimal project in Riyadh.

Financing duration: 60 months to be paid at the end of the period in bullet (new projects). 48 months to be paid bullet or from the revenues of the sale of the project, whichever is earlier (Al-Rimal Project). Guarantees offered for the financing: Pledge of 100% title deeds from facility.

Corporate Guarantee from Ishar Investment Co. Assignment of project proceeds to Albilad Bank (Alrimal project). Financing objective: Acquisition or financing of new projects in line with the company's strategy (financing SAR 500 million).

Financing part of land value and developing the infrastructure of the project for the purpose of selling developed lands and products. (Alrimal).