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Al-Din reports white land fee invoices totaling 2.56M Riyals
Laden Investment Company announced that it has received invoices for white land fees totaling over 2.5 million Riyals, based on the application of the White Land Fees Regulation. The company intends to challenge these claims, arguing that the lands in question have been developed and are not classified as undeveloped lands within the scope of the regulation. The company responded by stating that the lands are part of a pre-sale development stage and fall outside the definition of white lands, which could make the imposition of fees on them unlawful. The company will submit an official objection and pursue legal procedures to protect its rights, while committing to transparency and the need to disclose any developments that may impact its financial position or real estate projects.
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