premargin

Element List	Explanation
Introduction	Further to the announcement of Ladun Investment Company published on 04/05/2026G corresponding to 17/11/1447H, regarding the acceptance of objections for 8 invoices issued in 2026 with a total value of SAR 1,034,542.98, due to the non-applicability of the criteria for applying the fees stipulated in the Executive Regulations of Raw Land Fees and Vacant Property Fees. Ladun Investment Company is pleased to clarify the following: • The total value of invoices received by the Company for the years 2023, 2024, 2025, and 2026 amounted to SAR 26,470,770.34. • The total amount previously announced as processed amounted to SAR 1,532,486.31 related to the year 2026, in addition to SAR 10,579,432.31 which was cancelled during 2025, bringing the total amounts processed prior to today to SAR 12,111,918.62. • The total amount cancelled today relating to the fees imposed on 12 land plots amounted to SAR 13,328,660.88. • The total amounts processed up to the date of this announcement amount to SAR 25,440,579.50. • The total outstanding invoice balance amounts to SAR 1,030,190, noting that the Company continues to seek cancellation of the fees in accordance with the Law of Raw Land Fees and Vacant Property Fees and its implementing regulations enabling real estate developers, which support housing supply and contribute to achieving the targeted balance between supply and demand.
Previous Announcement	Acceptance of objections for a number of invoices issued in 2026 amounting to SAR 1,034,542.98, in addition to the settlement of two invoices amounting to SAR 497,943.33 through payment by buyers, bringing the total value of settled invoices to SAR 1,532,486.31. Accordingly, the outstanding invoice balance for the year 2026 amounts to SAR 1,030,190
Date of Previous Announcement on Saudi Exchange’s Website	2026-05-04 Corresponding to 1447-11-17
Hyperlink to the Previous Announcement on the Saudi Exchange Website	Click Here
Latest Developments Of The Announced Event	Issuance of approval to cancel the fees imposed on 12 land plots with a total value of SAR 13,328,660.88 for the years 2023 and 2024, due to the development of those lands, in accordance with the provisions of the Executive Regulations of Raw Land Fees and Vacant Property Fees.
The costs associated with the event, and if they have changed or not with indication of the reasons.	The total outstanding invoices remaining on the Company amount to SAR 1,030,190
Additional Information	NA

Announcement by Ladun Investment Company regarding the latest developments related to the cancellation of fees imposed on the Company, due to its development of land, in accordance with the provisions of the Executive Regulations of Raw Land Fees and Vacant Property Fees.