Logo ofHamad Mohammed Bin Saedan Real Estate Co.
Hamad Mohammed Bin Saedan Real Estate Co. said that the application of the White Land Tax will have no substantial financial impact on the company’s real estate portfolio, according to a statement on Tadawul. 
This is based on the supplementary prospectus issued on Aug. 21, 2025, and the company’s financial statements as of June 30, 2025. These documents indicate that the company possesses a diversified real estate portfolio, including logistics, residential, and commercial assets across multiple cities, all of which are linked to active development projects or organized real estate investments, the statement added.
The company confirmed that it operates according to clear, time-bound plans that minimize any potential impact of this tax. It also possesses the solvency and capacity for expansion through strategic partnerships and initiatives that enhance the investment of available land, positively reflecting on owners and investors.
In alignment with the initiative to accelerate the handling of invoiced land launched by the Ministry of Municipalities and Housing, the company offers solutions that include identifying the optimal use and developing lands through collaborative models with individuals and relevant entities.
The company continues to pursue its strategy with an optimistic outlook for the sector’s future, leveraging its tools and capabilities to participate in upcoming opportunities. This aligns with the objectives of Saudi Vision 2030 and contributes to the development of the real estate sector, the Saudi-listed firm also noted.
Logo ofHamad Mohammed Bin Saedan Real Estate Co.
Hamad Mohammed Bin Saedan Real Estate Co. said that the application of the White Land Tax will have no substantial financial impact on the company’s real estate portfolio, according to a statement on Tadawul.
This is based on the supplementary prospectus issued on Aug. 21, 2025, and the company’s financial statements as of June 30, 2025. These documents indicate that the company possesses a diversified real estate portfolio, including logistics, residential, and commercial assets across multiple cities, all of which are linked to active development projects or organized real estate investments, the statement added.
The company confirmed that it operates according to clear, time-bound plans that minimize any potential impact of this tax. It also possesses the solvency and capacity for expansion through strategic partnerships and initiatives that enhance the investment of available land, positively reflecting on owners and investors.
In alignment with the initiative to accelerate the handling of invoiced land launched by the Ministry of Municipalities and Housing, the company offers solutions that include identifying the optimal use and developing lands through collaborative models with individuals and relevant entities.
The company continues to pursue its strategy with an optimistic outlook for the sector’s future, leveraging its tools and capabilities to participate in upcoming opportunities. This aligns with the objectives of Saudi Vision 2030 and contributes to the development of the real estate sector, the Saudi-listed firm also noted.
