Element List Explanation
Introduction With reference to Ladun Investment Company’s announcement published on 01/03/2026 (corresponding to 12/09/1447H), which included the Company’s receipt of a number of raw land fee invoices for the years 2023, 2024, and 2026, respectively, and that the Company had submitted a request for exemption from these fees on the grounds that the criteria for applying the fees, as stipulated in the Executive Regulations for White Land and Vacant Property Fees, were not met.

 

The Company is pleased to announce that objections to 8 invoices issued in 2026, with a total value of SAR 1,034,542.98, have been accepted, as the criteria for applying the fees under the Executive Regulations for raw Land and Vacant Property Fees were not met due to the development of the land and its sale to third parties prior to the issuance of the fees. Additionally, two invoices with a total value of SAR 497,943.33 have been settled, as they were paid by the buyers. Accordingly, the total value of the invoices that have been resolved amounts to SAR 1,532,486.31.
Previous Announcement Ladun Investment Company announces that it has received a number of raw land fee invoices amounting to SAR 5,282,302, SAR 8,046,359, and SAR 2,562,677 for the years 2023, 2024, and 2026, respectively.
Date of Previous Announcement on Saudi Exchange’s Website 2026-03-01 Corresponding to 1447-09-12
Hyperlink to the Previous Announcement on the Saudi Exchange Website Click Here
Latest Developments Of The Announced Event The acceptance of objections has been issued for 8 invoices from those issued in 2026, with a total value of SAR 1,034,542.98, as the criteria for applying the fees under the Executive Regulations for Raw Land and Vacant Property Fees were not met due to the development of the land and its sale to third parties prior to the issuance of the fee.

 

Additionally, two invoices with a total value of SAR 497,943.33 have been settled, as they were paid by the buyers. Accordingly, the total value of the invoices that have been resolved amounts to SAR 1,532,486.31.

As a result, the value of the 2026 invoices issued and currently under review has been reduced to SAR 1,030,190.69 instead of SAR 2,562,677.
The costs associated with the event, and if they have changed or not with indication of the reasons. The outstanding invoices issued in 2026 now amount to SAR 1,030,190.69, instead of SAR 2,562,677.
Additional Information The Company will announce any further material developments in due course.
 

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2026, Argaam Investment, All Rights Reserved
Call Request