An announcement of the appendices of the good news and the company of Al-Aqiq to the values of compensation for some of its properties in the area of answer within the scope of expansion of the Prophet’s Mosque

Further to the above announcement on Tadawul website dated 26/12 / 1434H corresponding to 31/10/2013 on the commencement of receiving the documents of ownership of real estate within the scope of the expansion project of the Custodian of the Two Holy Mosques of the Prophet’s Mosque by the Supervisory Committee on the work of expropriation of property and the transfer of services to the project, The representative of Tiba will be informed on Tuesday 6/7/2014 by the committee mentioned the value of compensation for one of its properties represented in a plot of land in the area of ​​the answer located outside the current central area northeast of the Prophet’s Mosque (4,664,880) rials. Its carrying value is SR 1,291,250, which means A profit of SR 3,373,630 and a representative of Al-Aqeeq Real Estate Development Company, a subsidiary of Taibeh Holding, which has a good share of (89.90%) of its capital, the value of compensation for the expropriation of the number of four properties belonging to the area outside the answer The current central area of ​​the north-east of the Prophet’s Mosque in the total amount of (31,565,844) riyals with a carrying value of (7,072,500) riyals, which means a wind gain of (24,493,344) riyals, bringing the total profit expected to be achieved from the compensation process amount to (27,866,974) This compensation is expected to be reflected The financial statements of Taibe and Al Aqeeq shall be made during the financial period during which the compensation payments will be received, and any updates related to the said properties or the rest of the good properties and its subsidiaries (Al-Aqeeq and Arak) covered by the expansion project will be announced later. Other real estate.