Announcement from Taiba Holding regarding the signing of a conditional purchase agreement with Arab Tourism Areas Company (Arak) for the purchase of shares owned by Arak in Al-Aqeeq Real Estate Development Company

Further to the above announced by Taiba Holding Company on the Tadawul website on 14/10 / 2017H, corresponding to the signing of a conditional purchase agreement with the Arab Company for Tourist Areas (Arak) for the purchase of the shares owned by Arak in Al-Aqeeq Company for Real Estate Development The purchase of shares of (2,999,229) shares of SR (62,983,809). The agreement included the legal and contractual arrangements necessary for the purchase of the shares, including the approval of the Ordinary General Assembly of Taibah Company, Arak) for the sale and purchase of shares. The General Assembly of Arak shareholders was held on the evening of Sunday 1438/09 / 23H corresponding to 2017/06/18 and decided to approve by an absolute majority of those who have the right to vote on the sale of such shares to Taiba Company and its ordinary general assembly for this purpose will be held. Rest of the necessary regulatory procedures. God bless,,,