| Element List | Explanation |
|---|---|
| Announcement Detail | Alramz Real Estate Company announces that, in reference to the implementation of the White Land Tax and the determination of the geographical zones subject to the tax in Riyadh, and in its commitment to full compliance with all relevant regulations and instructions, it wishes to inform its valued shareholders and investors that it has received (94) invoices to date related to the White Land Tax, totaling SAR (35,325,533.5). The company clarifies that these invoices pertain to land it owns in Riyadh, located within the geographical zones subject to the White Land Tax, and that all of them are related to projects currently under development. The company is developing these lands according to its development plans. Accordingly, the company will submit a request to the relevant regulatory authorities for the necessary extensions until the development work on these lands is completed. The company also confirms that these invoices do not currently have any material impact on its operational activities or financial position. |
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