| Element List | Explanation |
|---|---|
| Introduction | Referring to the announcement by Riyadh Development Company regarding the latest developments concerning lands subject to vacant land fees |
| Previous Announcement | Latest developments regarding Riyadh Development Company's announcement concerning lands subject to vacant land fees |
| Date of Previous Announcement on Saudi Exchange’s Website | 2026-01-06 Corresponding to 1447-07-17 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | Further to Riyadh Development Company's previous announcement regarding the latest developments concerning its land holdings subject to the White Land Tax, published on January 6, 2026, totaling SAR 16,785,113.32, of which SAR 3,158,682 has been contested, Riyadh Development Company announces the receipt of an additional number of White Land Tax invoices totaling SAR 2,075,710. These invoices pertain to land located within the geographical boundaries specified for the White Land Tax program in Riyadh, and objections will be filed in the coming weeks. |
The total number of invoices issued for White Land Tax now stands at SAR 18,860,823.32, while the amount contested has reached SAR 5,234,392.
The company also reports that it is working on studying and developing quality projects on other lands covered by the fees, with the aim of taking advantage of the new related regulations, and in line with the company’s strategy announced at the beginning of 2023 under the slogan “We invest for growth”.
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