A 30,000-square-metre land plot in northern Riyadh has been cleared for potential future use following the lifting of restrictions
Saudi Real Estate Co. (Al Akaria) has lifted restrictions on a 30,000-square-metre land plot located within the commercial corridor between King Fahd Road and Olaya Road in northern Riyadh, according to a statement filed with Tadawul. 
The step follows the issuance of a title registration deed by the Real Estate Registry.
The land, which has a book value of SAR 98.4 million, was among the parcels referred to in emphasis of matter (EoM) paragraph No. (5-a) in the external auditor’s report on the company’s interim condensed consolidated financial statements for the period ended March 31, 2026. The paragraph stated that certain land parcels owned by the company were unavailable for use or development at that time for various reasons, including factors related to the areas in which the lands are located, while other matters were under review by specialised committees.
The company is currently assessing the optimal use of the land in line with its strategy and in a manner that enhances shareholder value. There is no immediate financial impact related to this development. The company said it will disclose any material developments in due course in accordance with applicable laws and regulations.
A 30,000-square-metre land plot in northern Riyadh has been cleared for potential future use following the lifting of restrictions
Saudi Real Estate Co. (Al Akaria) has lifted restrictions on a 30,000-square-metre land plot located within the commercial corridor between King Fahd Road and Olaya Road in northern Riyadh, according to a statement filed with Tadawul.
The step follows the issuance of a title registration deed by the Real Estate Registry.
The land, which has a book value of SAR 98.4 million, was among the parcels referred to in emphasis of matter (EoM) paragraph No. (5-a) in the external auditor’s report on the company’s interim condensed consolidated financial statements for the period ended March 31, 2026. The paragraph stated that certain land parcels owned by the company were unavailable for use or development at that time for various reasons, including factors related to the areas in which the lands are located, while other matters were under review by specialised committees.
The company is currently assessing the optimal use of the land in line with its strategy and in a manner that enhances shareholder value. There is no immediate financial impact related to this development. The company said it will disclose any material developments in due course in accordance with applicable laws and regulations.
