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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”.
The costs associated with the event, and if they have changed or not with indication of the reasons.	None

Riyadh Development Company announces the latest developments regarding lands subject to vacant land fees.