Hamad Bin Saedan rules out ‘substantial’ impact of White Land Tax

Logo of Hamad Mohammed Bin Saedan Real Estate Co.

Hamad Mohammed Bin Saedan Real Estate Co., which was listed on the Nomu-Parallel Market in September, said that the amendment of the White Land Tax will have no “substantial” financial impact on its real estate portfolio.

This is based on the company’s supplementary prospectus issued on Aug. 21, 2025, and the financial statements as of June 30, 2025, Hamad Bin Saedan said in a statement.

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These documents indicate that the company possesses a diversified real estate portfolio, including logistics, residential, and commercial assets across multiple cities across the Kingdom, all of which are linked to active development or organized real estate investments.

Hamad Bin Saedan confirmed that its transparent and time-bound plans minimize any potential impact of the White Land 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 line with Ministry of Municipalities and Housing’s initiative to accelerate the handling of invoiced land, the company offers solutions that include identifying the optimal use and developing lands through collaborative models with individuals and relevant entities.

Hamad Bin Saedan continues to pursue its strategy with an optimistic outlook for the sector's future, leveraging its tools and capabilities to participate in upcoming opportunities. The move aligns with the objectives of Saudi Vision 2030 and contributes to the development of the real estate sector.