Taiba announces its Board of Directors’ approval to buy its 10% stake in land in Jeddah

Toda Holding wishes to announce to its shareholders and the general public the approval of its board of directors on 16/01 / 1433H corresponding to 11/12/2011 on the offer to purchase its share of 10% of the land plot located north of Lakes Road in Jeddah – 55,515,510,105 fifty one million (SR 22,161,218), which will generate a profit of SAR (55 / 29,353,887), which will be reflected in the financial statements for the fourth quarter ended 31/12/2011 after completion of the transaction. Sales whose actions are expected to be completed before the end of the current financial year 2011.