SAUDI ARABIA: Ladun Investment Company (LADUN) and Musharaka Capital have signed a contract to establish a real estate development fund for a residential and hotel project within the Jabal Omar development in Makkah.
The five-year contract is valued at approximately SAR1.45 billion (US$385.65 million), which includes the fund’s capital of SAR525 million (US$139.63 million).
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