Taiba Holding announces receipt of Al-Aqeeq Real Estate Development Company, a subsidiary of Taibah Holding,

Taiba Holding Company announces the receipt of Al-Aqeeq Development Company, one of the subsidiaries of Taibeh Holding, which owns 89.9% of its capital, this morning, corresponding to May 21, 2012, to the letter of the Development Commission of Madinah, confirming its expropriation of the two plots of land (5026 and 5027) located on the north-east side of the central area plan surrounding the Prophet’s Mosque, on which the current Ryadah Hotel project is currently under construction. The letter stated that the agate will be reported at a later date. Be fair and equal Current Real Estate and oz will be announced compensatory value and financial impact on the financial statements of the Garnets and good when you receive that value from the competent authorities.