| Element List | Explanation |
|---|---|
| Introduction | Referring to Taiba Investment Company's announcement on the Tadawul website dated 30-09-2025 regarding the application of the White Land Fees System and the determination of geographical zones based on the updated executive regulations issued by the Ministry of Municipal, Rural Affairs and Housing on 22-08-2025 for lands owned by the company in Riyadh, the company announces the receipt of several White Land Fee invoices totaling (2,961,771.86) Saudi Riyals. |
The company wishes to clarify that these invoices will be dealt with in accordance with the regulations and procedural guidelines. The company is currently preparing studies for the optimal use of these lands to serve the interests of the company and its shareholders.
Taiba Investment Company also clarifies that the accounting impact of these fees will be treated according to the approved accounting standards.
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