Ladun subsidiary wins GASTAT project worth SAR 57.5 mln

Logo of Ladun Investment Co.

Ladun Investment Co.’s subsidiary Built Industrial Co. received an award letter on June 20 from the General Authority for Statistics (GASTAT) to implement a project, valued at SAR 57.5 million (including value-added tax).

 

In a statement to Tadawul, Ladun said the contract is expected to be signed on July 18. The project includes civil, architectural, electrical, sanitary installations and drainage works for the Riyadh Tower.

 

The contract is expected to have a positive impact on Ladun’s financial results for 2023 and early 2024, the statement said, adding that there are no related parties.

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