A related announcement by Taiba Holding regarding the expropriation of the property owned by its subsidiary Al-Aqeeq, which is part of the expansion of the Prophet’s Mosque

Further to the foregoing, it was announced on Tadawul website dated 6/7 / 1435H, corresponding to 6/5/2014, informing Taibah and its subsidiary Al-Aqiq of the value of the compensation of some properties owned by them in the Area of ​​Answer by the Supervisory Committee for the expropriation and transfer of services for the expansion of the Custodian of the Two Holy Mosques The representative of Al-Aqeeq Real Estate Development Company – a subsidiary of Taibeh Holding, which has a good contribution of 89.90% of its capital – dated 11/8/1435 H corresponding to 9/6/2014 by the Committee mentioned the value of compensation for one of its properties within The current central area of ​​Al Madinah Al Munawwarah In the plots of land number (5026 and 5027) on which the Ryadah Hotel project was completed, which was not completed due to the expansion decision, located in the north-east of the central area of ​​Madinah at SR 941,985,510. The value of the property is SR 210,760,899 The cost of the compensation is expected to be reflected on the financial statements of Taibah and Al-Aqeeq during the financial period during which the amount of the compensation will be received. Notify the agate by appointment Compensation will be paid.