Taiba Holding announces the update of the lawsuit filed by its subsidiary Arab Company for Touristic Regions (Arak) concerning the objection to the value of compensation for the removal of some of its property

Further to the above announcement on 25/04 / 1433H corresponding to 18/03/2012 including the declaration of the Arab Company for Tourist Areas (Arak), one of the subsidiaries of Taiba Holding, which owns 86.81% of its capital, objected to the value of the compensation for expropriation of the two pieces of land 2091, 2092), which is the city of the city of Aramas for the expansion of the western arena of the Prophet’s Mosque, was on Tuesday, 05/25 1433 AH corresponding to 17/04/2012 attend the meeting specified – previously announced – by the lawyer (Arak) For the next meeting on Sunday 29/06/1433 H corresponding to 20/05/2012 and will be announced later on any provisions issued by it Particular.