Taiba Holding announces the acquisition of a portion of the Arab Company for Tourist Zones (AARAC) in the capital of Al-Zarqa Industrial Company

Taiba Holding announces the acquisition of a portion of the share of the Arab Company for Tourist Zones (Arak) which is a closed shareholding company affiliated to Taiba Holding Company (Taiba owns 86.88% of its share capital) on the date of 15/12/1433 H corresponding to 31/10/2012. (Taif Holding Company is a closed shareholding company) Taiba Holding owns (47.50%) of its capital. The number of shares purchased reached 8 million shares with a value of 40 million Riyals which were self-financed from Taiba. (55,500,000) five hundred and fifty million five hundred thousand shares at a value of (277,500,000) (100,000,000) million shares and a good ownership share of (55.50%) of the capital of Al-Zarqa Company amounting to (1,000,000,000) thousand million riyals, 500,000,000) five hundred million riyals.