REAL ESTATE-

Ladun Investment bags 400-villa project in Riyadh’s Mashriqiya: Ladun Investment Company was awarded a SAR 446 mn contract to develop more than 400 residential villas in Riyadh’s Mashriqiya project, it said in a disclosure to Tadawul yesterday. The project, to be executed in partnership with the National Housing Company, will span some 100.4k sqm. Further updates are pending the sub-development contract’s signing.

DEBT WATCH-

SHL Finance secures SAR 537 mn in renewed credit facilities: SHL Finance Company has renewed two Sharia-compliant credit facilities totaling SAR 537 mn with Bank Aljazira and Saudi National Bank (SNB), according to two separate Tadawul disclosures. The agreements include a five-year, SAR 275 mn facility with Bank Aljazira and a ten-year, SAR 262 mn facility with SNB. Both facilities, backed by promissory notes, will be used to fund the company’s expansion strategy and provide new loans to its customers.

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