Taiba Holding announces the update of the lawsuit against the value of compensation for expropriation of the plot of land (5061)

Further to the announcement on 21/2/1435 H corresponding to 24/12/2013, Taiba Holding announced its recent objection to the decision of the Ministry of Finance regarding the value of the assessment of Taiba Holding property represented by the plot of land No. 5061. The primary judgment of the competent department of the administrative court in Madinah on 20/2/1435 H corresponding to 23/12/2013 which requires the cancellation of the decision of the Ministry of Finance containing the estimate of the property referred to and owned by Taiba Holding Company No. 48/1/8 dated 06/07/2010, 1427H and obligate the Ministry of Finance to re-estimate the value of the property in accordance with the system of expropriation of real estate for public benefit The Company shall declare that on 05/03/1435 H corresponding to 06/01/2014 the said instrument of governance has been received, which is the same provision already issued by the competent department in the first instance on 09/11/1433 H corresponding to 25/09/2014. / 2012 and the defendant – the Ministry of Finance – to object to it. Since the judgment in question is preliminary, the defendant is entitled to appeal this judgment within the prescribed time limit.