Inmar Receives SAR 21.18 Million White Land Fees

INMAR -0.60%

INMAR

9521.SA

20.00

-0.60%

Inmar Company For Real Estate Development and Investment announced on January 4, 2026, that it received invoices for White Land Fees totaling SAR 21,180,872.48 on January 1, 2026. The fees relate to lands in Riyadh's designated geographic zones (Phase Three – 2026 Cycle). The company states these lands are under development and believes they don't qualify as white land. Inmar plans to recognize these amounts as financial liabilities in its financial statements while seeking an extension to complete development works as permitted by regulations.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=92414&anCat=1&cs=9521&locale=ar

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