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LADUN Announces the details of the Raw Land Fees imposed on the company.
| Element List | Explanation |
|---|---|
| Announcement Detail | LADUN ANNOUNCES that Ladun Investment Company has received several Raw Land Fee invoices in the amounts of SAR 5,282,302, SAR 8,046,359, and SAR 2,562,677 for the years 2023, 2024, and 2026, respectively. The Company notes that it has submitted a request for exemption from these fees, on the basis that the criteria for the application of the fees set out in the Implementing Regulations for Raw Land and Vacant Property Fees are not applicable. The Company further clarifies that it had received additional invoices amounting to SAR 10,579,432 for the year 2025, which were subsequently cancelled due to the non-applicability of the criteria stipulated in the Implementing Regulations for Raw Land and Vacant Property Fees. The Company believes that the outstanding fees will not have a material impact on its operations or financial position. |
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.
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