Taiba Holding announces the update of the two calls for objections to the values of compensation for the disposal of some of the property of Taiba and its subsidiary Arak

Further to the previously announced on 23/10/1433 H corresponding to 10/09/2012 on the announcement of Taiba Holding Company on the latest objection to the decision of the Ministry of Finance on the value of the estimation of a good property of the plot of land No. (5061) for his birth and unfairness, which was removed Owned by Taiba Holding, which owns 86.81% of its capital, has announced its objection to the decision of the Ministry of Finance regarding the value of Arak’s real estate valuation of two plots of land, The land (2091, 2092) was built by the city city of Aramas For his homage and unfairness, which have been expropriated in favor of expanding the western arena of the Prophet’s Mosque, has been on Tuesday 09/11/1433 H corresponding to 25/09/2012 AD Attend the meeting of the specific invitations – previously announced – by the lawyer of the good and see you The following: 1. With regard to the objection of Taiba Holding Company, the ruling was issued by the competent department of the Administrative Court in Madinah to rescind the decision of the Ministry of Finance to include a good property owned by it (represented by plot No. 5061) and to oblige the respondent (Ministry of Finance) (10/2/2012), the date of receipt of the copy of the judgment, and the sentenced (Ministry of Finance) request to audit the judgment within thirty days from the date of receipt of the copy of the judgment. 2- With regard to Arak’s objection, the ruling was issued by the competent department in the administrative court in Al-Madinah Al-Munawwarah that the department did not accept the lawsuit filed by Arak against the Ministry of Finance. The court decided on Wednesday, 24/11/1433 H corresponding to 10/10/2012, Arak) has requested that the judgment be reviewed within thirty days from the date of receipt of the judgment copy. During the period of the request for a specific audit of the judgment, the judgment will be examined by the management of Arak in coordination with the company’s lawyers to consider submitting the list of objections to the said ruling.