| Element List | Explanation |
|---|---|
| Introduction | With reference to Taiba Investments Company's announcement published on the Tadawul website on 08-01-2026 regarding the latest developments related to the White Land Fees in the city of Riyadh, the Company announces that it has received an invoice for White Land Fees amounting to SAR 6,670,551.05 The Company would like to clarify that this invoice will be addressed in accordance with the applicable laws, regulations, and prescribed procedures. The Company is currently conducting studies to determine the optimal use of the land in a manner that serves the best interests of the Company and its shareholders. Furthermore, Taiba Investments Company confirms that the financial impact of these fees will be recognized in accordance with the applicable accounting standards. |
| Previous Announcement | Taiba Investment Company Announcement on the Latest Developments Regarding White Land Fees in Riyadh City. |
| Date of Previous Announcement on Saudi Exchange’s Website | 2026-01-08 Corresponding to 1447-07-19 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | The Company announces that it has received, on09-07-2026 , an invoice for White Land Fees in the city of Riyadh. |
| 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 |
Taiba Investment Company Announcement on the Latest Developments Regarding White Land Fees in Riyadh City.
AI Summary
- Taiba Investment Company received an invoice for White Land Fees in Riyadh amounting to SAR 6,670,551.05 on July 9, 2026.
- The company is conducting studies to determine the optimal use of the land to serve the interests of the company and its shareholders.
- The financial impact of these fees will be recognized in accordance with applicable accounting standards, and the invoice will be addressed following relevant laws and procedures.
