Recent disclosures in the Saudi Stock Exchange revealed that four listed real estate companies received bills and fees for white land during the first half of January 2026, with a total value of about 42.48 million riyals, as part of the implementation of the new phase of the White Land Fees.
According to the data of «Trading»The value of the fees was distributed to the companies according to the nature and location of the covered lands within the approved urban ranges, with each company dealing differently with the invoices received between requesting an extension, legal objection, or studying development options.
Breakdown of disclosures by company
Inmar Real Estate Development and Investment Company announced that it has received fee invoices worth SAR 21.1 million for lands located within the specified ranges in the city of Riyadh, within the third phase of the 2026 cycle, indicating its intention to apply for an additional deadline to complete the development work.
In a separate disclosure, Laden Investment Company explained that it received white land fee notices worth SAR 2.56 million, confirming its intention to file a legal objection to the invoices according to the approved procedures.
For its part, Riyadh Development Company reported receiving fee invoices amounting to SAR 16.78 million, indicating that it is in the process of reviewing them and completing the necessary statutory procedures, including studying the submission of objections and options for developing the lands subject to the fees.
Hamad Mohammed Bin Saeedan Real Estate Company announced the issuance of 32 fee invoices totaling SAR 2.04 million, explaining that these fees are not expected to have a material financial impact on its results and that it is committed to taking the applicable regulatory procedures.
Start of invoicing and application mechanism
As of January 1, 2026, the Ministry of Municipalities and Housing began issuing invoices for white land fees within the city of Riyadh, with the possibility of applying for an additional deadline for development after the approval of the competent committee, provided that the full fees are due if the development is not completed within the specified period.
The ministry aims to raise the level of transparency in the real estate market and incentivize landowners to develop them within the urban area, thus contributing to increasing the supply and achieving a better balance between supply and demand. The fees are applied at graduated rates ranging from 2.5% to 10% according to the priority of the segment, with an annual review of the application mechanism to ensure the achievement of the objectives of the system and support the stability of the real estate market.
