Arriyadh Development Co. — Regulatory Filings 2026

Jan 6, 2026

Riyadh Development Company (ARDCO) Announces the Latest Developments Regarding Its Previous Announcement on Lands Subject to the White Land Tax

4150 · 06/01/2026 15:48:04 · Announcement #92495 · View on Saudi Exchange

Riyadh Development Company (ARDCO) Announces the Latest Developments Regarding Its Previous Announcement on Lands Subject to the White Land Tax

Element List	Explanation
Introduction	With reference to Riyadh Development Company’s (ARDCO) previous announcement regarding details of the lands owned by the Company and subject to the White Land Tax regulation, issued on 07-09-2025.
Previous Announcement	Riyadh Development Company’s (ARDCO) announcement regarding the lands owned by the Company and subject to the White Land Tax regulation
Date of Previous Announcement on Saudi Exchange’s Website	2025-09-07 Corresponding to 1447-03-15
Hyperlink to the Previous Announcement on the Saudi Exchange Website	Click Here
Latest Developments Of The Announced Event	Further to Riyadh Development Company’s (ARDCO) previous announcement regarding details of the lands owned by the Company and subject to the White Land Tax regulation, issued on 07-09-2025, and in accordance with transparency and commitment of the Company’s full compliance with applicable laws and regulations, Riyadh Development Company (ARDCO) announces that it has received a number of White Land Tax invoices with a total value of SAR 16,785,113.32, relating to lands located within the geographical zones specified under the White Land Tax Program in the City of Riyadh.

The Company clarifies that it is currently reviewing the tax invoices and completing the necessary regulatory procedures in this regard, including submitting formal objections to certain invoices in accordance with the approved rules and regulations, and completing the related statutory requirements, based on the Company’s statutory right to object to such fees.

The Company further indicates that it is currently assessing and developing quality real estate & community development projects on a number of the lands subject to the fees, and is reviewing benefiting from the relevant new regulations and the available exemptions in accordance with the applicable laws and regulations, within the framework of achieving optimal utilization of its assets and in line with the Company’s strategy announced in early 2023 under the theme “Investing for Growth,” which focuses on enhancing its asset portfolio efficiency and transforming assets into projects that aim to maximize total shareholder return. The costs associated with the event, and if they have changed or not with indication of the reasons. None

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.