Asas Makeen Real Estate Development and Investment Co. Announces Regarding the Impact of the Updated Implementing Regulations of the White Land Fees on the Company
| Element List | Explanation |
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| Announcement Detail | Asas Makeen Real Estate Development and Investment Co. announces to its esteemed shareholders and the public investors that, with reference to the updated Implementing Regulations issued by the Ministry of Municipalities and Housing on 28-02-1447H (corresponding to 22-08-2025G) related to the application of the White Land Fees System, and to the announcement of the defined geographical scopes for the application of the White Land Fees in Riyadh City issued on 04-03-1447H (corresponding to 27-08-2025G), and in line with the principle of transparency and disclosure, the Company would like to clarify the following:
All lands owned by the Company are classified as developed investment properties or properties under development.
The Company’s real estate portfolio does not include any white lands subject to the provisions of the White Land Fees System and its Implementing Regulations.
Accordingly, there are no statutory or financial obligations imposed on the Company under the White Land Fees System and its Implementing Regulations. In the event of any material developments, the Company will disclose them in due course. |
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