| Item | Explanation |
|---|---|
| Announcement details | With reference to the updated Executive Regulations issued by the Ministry of Municipalities and Housing بتاريخ 22-08-2025 regarding the implementation of the White Land Tax system and the determination of the geographic scopes for the White Land Tax in the city of Riyadh, issued بتاريخ 27-08-2025.
Banan Real Estate Company announces that there are no lands owned by the Company that fall under the updated White Land Tax system.
Accordingly, there is no financial impact on the Company, and it will not bear any fees that may affect its financial position as a result of applying the updated White Land Tax system. The Company clarified that its activity in the field of real estate development opens new horizons for cooperation with landowners, by transforming White Land Tax fees into investment opportunities that support urban development plans, contribute to enhancing real estate supply, and achieve national targets.” |
