According to Jawazat department in Saudi Arabia. All the Expatriates whose Iqama expires will have 3 days of time to renew it.
So, there will be a grace period of 3 days before any penalty. After 3 days if you still did not renew your Iqama then a fine of SR500 (500 Saudi Riyals) will be charged upon delaying Iqama renewal.
No Penalty on Expatriates after Iqama Expiry Upto 3 days
Check if you Iqama is getting Expired (Iqama Expiry Check here)
Also, There will be no fee fo transfer of data (Naqal Malumat) from Old passport to the new passport.
Non-reporting for Iqama renewal prior to 3 days of its expiry without applicable reason