Ladun finalizes capital hike procedures for 2 units

In two separate statements to Tadawul, Ladun said it completed the procedures for raising Built Industrial’s capital to SAR 100 million and increasing Painite's capital to SAR 10 million. Additionally, the commercial registration and the articles of association of the companies have been amended under the relevant regulatory requirements.

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Last October, Ladun’s board of directors approved the capital boost of Built Industrial from SAR 500,000 to SAR 100 million.

This move aligns with the company’s strategy to support Built Industrial’s expansion and strengthen its financial position by 2027 after listing on the Main Market (TASI), pending necessary due diligence and approvals.

Separately, Ladun’s board approved in October a capital hike for Painite from SAR 300,000 to SAR 10 million, in line with the respective regulations.