Taiba Holding Company announces that Al-Aqeeq Real Estate Development Company – a subsidiary of Taibeh Holding – has received the amount of compensation for one of its properties

The announcement of the above announcement on the website of Tadawul dated 1434/12 / 26H corresponding to 2013/10/31 AD on the start of receiving documents of ownership of real estate within the scope of the expansion of the Custodian of the Two Holy Mosques of the Prophet’s Mosque, The subsidiaries of Tayebah Holding, which has a good contribution of 89.90% of its capital, on 14/10/1420 H corresponding to 2014/10/02, the value of compensation for one of its properties located within the current central area of ​​Madinah, represented by the plot of land No. (5023) In the north-east of the central region The net cost of the property is SR 104,337,208 which means a profit of SAR 232,601,068. The financial impact of this compensation will be reflected in the financial statements of Taibah and Al-Aqeeq in the fourth quarter ending on 12/12/2014. 31 m.