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

Further to the above announcement on 09/11/1433 H corresponding to 25/9/2012 on the announcement of Taiba Holding Company on the latest objection to the decision of the Ministry of Finance on the value of the appreciation of a good property of the plot of land No. (5061) for his birth and unfairness, which was expropriated in favor of Expansion of the Eastern Square of the Prophet’s Mosque, and where the ruling of the competent department of the Administrative Court of Madinah has been issued on 09/11/1433 H corresponding to 25/09/2012 to cancel the decision of the Ministry of Finance containing the estimate of a good property owned by it – the plot of land No. 5061 – The respondent and the Ministry of Finance to recalculate according to the expropriation system The competent department of the Administrative Court of Madinah issued on 20/02/1435 H corresponding to 23/12/2013 a preliminary ruling to cancel the decision of the Ministry of Finance containing the estimate of the property owned by the company of Holding Company No. ( 48/1/8) dated 06/07/1427 H of the plot of land referred to above, and obligate the Ministry of Finance to recalculate the value of the property in accordance with the system of expropriation of real estate for public benefit, and will receive the judgment on Sunday 04/03/1435 H corresponding to 05/01/1435 AH, 2014.