Ladun Announces Amicable Termination of Real Estate Project Development Agreement

Ladun Investment Company announced on Wednesday the termination of the partnership agreement with Mawten Real Estate Company to develop a mixed-use real estate project to sell 935 luxury serviced residential units off-plan, in addition to showrooms and shops in Makkah region (mixed-use tower project), which was previously announced on the Company’s page on the Tadawul website on Oct. 08, 2024.

It indicated that the termination of the agreement came after changing the strategic investment plan of the two parties, with their amicable agreement to waive all rights and obligations mentioned in the signed contract.