| Element List | Explanation |
|---|---|
| Introduction | Hamad Mohammed Bin Saedan Real Estate Company refers to its previous announcement published on the website of the Saudi Financial Market (Tadawul) on 2025/09/25, which clarified that the Company possesses a diverse real estate portfolio comprising logistic, residential, and commercial assets across multiple cities. All these assets are linked to active development projects or organized real estate investments, operating under clear time-bound plans that mitigate any potential impact of these fees. In light of recent developments, the Company announces the issuance of thirty-two (32) white land fee invoices from 2026/01/01 until the date of this announcement, with a total value of 2,047,435.51 Saudi Riyals. The Company wishes to note the following: The Company does not anticipate a material financial impact on its financial position, considering the scale of its portfolio and assets. The Company intends to undertake the necessary formal procedures to submit requests for extensions for the white land fees as required. The Company will disclose any material developments in due course. The Company will reflect this in its financial statements in accordance with the adopted accounting standards, and its impact will appear in the financial statements of the relevant period. The Company reaffirms its constant commitment to transparency and disclosure in a manner that serves the interests of shareholders and upholds the highest standards of governance and compliance with relevant regulatory provisions |
| Previous Announcement | Hamad Mohammed Bin Saedan Real Estate Company announces the impact of white land fees on its projects. |
| Date of Previous Announcement on Saudi Exchange’s Website | 2025-09-25 Corresponding to 1447-04-03 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | The Company announces the issuance of thirty-two (32) white land fee invoices from 2026/01/01 until the date of this announcement, with a total value of 2,047,435.51 Saudi Riyals. |
| Reasons For The Delay on The Date of The Event Previously Announced | N/A |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | N/A |
| Delay consequences on the Company’s financial results | N/A |
