Alandalus property Co. Announcement Regarding Lands Subject to the White Land Tax in Riyadh City | premargin

Alandalus property Co. Announcement Regarding Lands Subject to the White Land Tax in Riyadh City

TadawulSeptember 21, 2025View on exchange

Element List	Explanation
Announcement Detail	With reference to the updated Implementing Regulations issued by the Ministry of Municipalities and Housing on 22-08-2025 regarding imposing the white land tax regulations and the geographical scope for the White Land Tax in Riyadh announced on 27-08-2025. Alandalus Property Co. would like to inform its shareholders and investors that there are no owned lands within the company’s portfolio in the city of Riyadh that fall under the scope of the White Land Tax. This disclosure has no financial impact on the company. And this announcement reaffirms Alandalus Property Company’s commitment to transparency and full compliance with relevant regulations and instructions.

Element List

Explanation

Announcement Detail

With reference to the updated Implementing Regulations issued by the Ministry of Municipalities and Housing on 22-08-2025 regarding imposing the white land tax regulations and the geographical scope for the White Land Tax in Riyadh announced on 27-08-2025.

Alandalus Property Co. would like to inform its shareholders and investors that there are no owned lands within the company’s portfolio in the city of Riyadh that fall under the scope of the White Land Tax.

This disclosure has no financial impact on the company. And this announcement reaffirms Alandalus Property Company’s commitment to transparency and full compliance with relevant regulations and instructions.