{"id":91402,"date":"2024-11-11T00:00:00","date_gmt":"2024-11-11T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/11\/11\/ladun-musharaka-to-launch-sar-525-mn-real-estate-fund\/"},"modified":"2024-11-11T00:00:00","modified_gmt":"2024-11-11T00:00:00","slug":"ladun-musharaka-to-launch-sar-525-mn-real-estate-fund","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/11\/11\/ladun-musharaka-to-launch-sar-525-mn-real-estate-fund\/","title":{"rendered":"Ladun + Musharaka to launch SAR 525 mn real estate fund"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Nomu-listed developer <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.ladun.sa\/\" style=\"\" rel=\"noopener\">Ladun Investment<\/a><\/strong><strong> and <\/strong><strong><a target=\"_blank\" href=\"https:\/\/musharaka.sa\/en\/\" style=\"\" rel=\"noopener\">Musharaka Capital<\/a><\/strong><strong> are<\/strong><strong> planning to set up a SAR 525 <\/strong><strong>mn real estate development fund<\/strong> to finance a SAR 1.5 bn real estate project at the Jabal Omar development in Makkah focused on the development of a residential and hotel tower, according to a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=83589&anCat=1&cs=9535&locale=en\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. This is a related party agreement and will run for five years, with a potential two-year extension.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>Ladun will assume the role of developer, marketer, and executor, while Musharaka will act as fund manager and work on securing project financing. Musharaka has already purchased a 3.8k sqm land plot in the Jabal Omar development area for SAR 660 mn. Meanwhile, Ladun\u2019s board of directors approved a SAR 33 mn contribution to the fund.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- Nomu-listed Ladun has been ramping up its projects in Makkah<\/strong>, inking an agreement <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/56b91dcc-d869-4626-bdc7-dc5cf3f6b1f1\/asas-al-mohileb-to-set-up-a-sar-700-mn-concrete-factory#:~:text=Nomu%2Dlisted%20developer%20Ladun%20Investment%20is%20developing%20a%20SAR%20827%20mn%20mixed%2Duse%20real\" style=\"\" rel=\"noopener\">last month<\/a> to develop a SAR 827 mn mixed-use real estate project in Makkah including a high-end 25-story tower.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ladun will contribute SAR 33 mn to the fund<\/p>\n","protected":false},"author":1,"featured_media":91403,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2574],"tags":[10,1807,3392,106],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-91402","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate","tag-enterpriseam-ksa","tag-ladun-investment","tag-musharaka-capital","tag-real-estate","wpautop","entry"],"acf":{"mongo_id":"a46066cd-5056-4abb-aa02-2ff1906b404f","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/11\/886.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Ladun Investment, Musharaka Capital to launch a SAR 525 mn real estate fund","related_issue":[91391],"teaser":"Ladun will contribute SAR 33 mn to the fund","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/11\/.9c880869-d980-49ca-bb84-53bdbec2a09b.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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