Taiba Holding Company announces the establishment of Al Aqeeq Real Estate Development Company One of the subsidiaries of Taiba bought a plot of land in Riyadh

Taiba Holding Company announces that Al-Aqeeq Real Estate Development Company – one of the subsidiaries of Taibeh Holding and its real estate arm, which owns 89.9% of its capital – on 7/1/1434 H corresponding to 21/11/2012 has purchased a plot of land located in Riyadh (11,073.88 square meters) at a value of SR 96,481,180, which was self-financed by Al-Aqiq Company. Al-Aqeeq Real Estate Development Company plans to build a five-star hotel and five star hotel suites.