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Laden's Losses Reach 39.77 Million Saudi Riyals in First Quarter of 2026
Ladin Investment Company's results reveal that its net loss for the first quarter of 2026 increased by 614.22% compared to the same period of the previous year, with losses totaling 39.76 million riyals versus 5.57 million riyals last year. The company attributed this to ongoing financing costs and general expenses, along with a 49% decline in revenues due to a decrease in the real estate development sector's income, despite an 11% growth in construction sector revenues and a 40% reduction in industrial sector revenues.
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