| Element List | Explanation |
|---|---|
| Announcement Detail | Reference to the updated Implementing Regulations issued by the Ministry of Municipalities and Housing on 22-08-2025 with respect to the application of the White Land Tax (“WLT”) regulations in light of the announcement dated 27-08-2025 about geographical zoning scope for the White Land Tax in Riyadh. |
Sumou Real Estate Company announces that it does not own any lands subject to the amended White Land Tax Law.
Accordingly, there is no financial impact on the Company, and it will not bear any taxes that would affect its financial position as a result of the implementation of the amended White Land Tax Law.
The Company affirms that the nature of its business model as a real estate development service provider opens new horizons for growth through integration with landowners, building partnerships with them, and transforming the burden of the White Land Tax into investment opportunities that contribute to achieving the government’s urban development objectives and stimulating real estate supply.
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.