On May 14, 2026, Riyadh Development Company announced it received additional White Land Tax invoices totaling SAR 2,075,710, bringing the total invoices to SAR 18,860,823.32 with SAR 5,234,392 contested. This follows a previous announcement on January 6, 2026, regarding lands subject to vacant land fees within Riyadh's geographical boundaries. The company plans to file objections to the new invoices in the coming weeks and is studying development of quality projects on affected lands in alignment with its "We invest for growth" strategy announced in early 2023.

Original announcement:

Important Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.