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Ladun Investment Gets SAR2.6 Million Fees Under Raw Land Law, Plans Objection

MT Newswires·01/05/2026 08:45:38
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08:45 AM EST, 01/05/2026 (MT Newswires) -- Ladun Investment (SASE:9535) received invoices totaling 2.6 million Saudi riyals for land plots located within geographical zones subject to the raw land fees law. The real estate-focused investor said Monday it will submit objections to the invoices based on its statutory right, noting that the lands do not meet the regulatory definition of raw land.