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RIYADH: Construction Services firm Ladun Investment Co. has issued its initial public offering prospectus, as it plans to join Saudi Arabia’s stock listing spree this year.
Riyadh-based Ladun, which has been behind a number of residential developments in the Kingdom, including some for the Ministry of Housing, will potentially float 5 million shares, representing 10 percent of its capital, on the Kingdom’s parallel market, Nomu.
The book-building period will run from May 22 until May 26, financial advisor and lead manager, Yaqeen Capital, said in a bourse statement.