Taiba Holding announces the withdrawal of a group of properties owned by it and its two subsidiaries (Al-Aqiq and Arak) within the scope of expansion of the Prophet’s Mosque

Reference to the advertisement published on the website of the Ministry of Finance and in some local newspapers on 25/10 / 1434H corresponding to 30/10/2013 regarding the start of receiving documents of ownership of real estate within the scope of expansion of the Custodian of the Two Holy Mosques project of the Prophet’s Mosque by the Supervisory Committee on the expropriation works And the transfer of services in the project. Since Taibah Holding and its two subsidiaries, Al-Aqeeq Real Estate Development Company and Arab Tourist Areas Company (Arak), according to the outline of the expansion mentioned above, Properties owned by Taeiba Holding: · Plot No. 108 located on the northern side of the current central area of ​​22,019 square meters. · A group of properties in different locations in the area of ​​the answer located outside the current central area in the north-east of the Prophet’s Mosque, which has a land area (65 / 4,237) square meters. Real Estate owned by Al-Aqeeq Real Estate Development Company: • Buildings and hotels located in the north and north-east of the current central area: Taiba residential and commercial center, which is located on plot No. 133, which has an area of ​​(5,793) square meters and Majidi residential and commercial center on plot No. 132, which has an area of ​​(2,937) meters The Al Aqeeq Hotel is located on plots 121 and 122 with a total area of ​​2,292 square meters and Al Ajwa Hotel on Plot No. 5023 with a total area of ​​43/824 square meters and the Ryada Hotel project on plots 5026 and 5027 With a total area of ​​74,2556 square meters. · A number of plots of land located outside the current central area: a plot of land on King Fahd Road with an area of ​​(735) square meters and a piece of land on the peace road with an area of ​​21/893 square meters and a piece of land on King Faisal Road with an area of ​​(1,741) Square meters. · A group of properties in different locations in the area of ​​the answer located outside the current central area in the north-east of the Prophet’s Mosque, which has a land area (99 / 1,860) square meters. Arab Real Estate Company (Arak): · A group of properties in different locations in the area of ​​the answer located outside the current central area in the north-east of the Prophet’s Mosque, which has a land area (817) square meters. Taibah and its subsidiaries shall submit the documents of ownership of the properties mentioned in the said declaration during the period specified for this purpose, and any subsequent developments relating to this matter will be announced. None of Taibah Holding or its two subsidiaries has been notified of the values ​​or amounts of the expropriation Which will have a financial impact on the financial statements of Taeba and its subsidiaries in the periods during which the compensation will be received. God bless ,