‎Taiba reimbursed for Prohpet’s Mosque expansion

‎Taiba reimbursed for Prohpet’s Mosque expansion ‎Taiba reimbursed for Prohpet’s Mosque expansion

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Logo ofTaiba Investment Co.

Taiba Investment Co. received today, Oct. 15, the remaining compensation amount for its expropriated properties in the Al Ejabah area in Madinah, amounting to SAR 93 million.

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The net positive financial impact resulting from this compensation, amounting to approximately SAR 49 million, will be reflected in the company’s financial statements for Q4 2025, the company said in a statement to Tadawul.

In Oct. 2013, the company announced the expropriation of a group of properties owned by the company and its subsidiaries in Madinah for the Prophet’s Mosque expansion, according to Argaam’s data.

 

Logo ofTaiba Investment Co.

Taiba Investment Co. received today, Oct. 15, the remaining compensation amount for its expropriated properties in the Al Ejabah area in Madinah, amounting to SAR 93 million.

The net positive financial impact resulting from this compensation, amounting to approximately SAR 49 million, will be reflected in the company’s financial statements for Q4 2025, the company said in a statement to Tadawul.

In Oct. 2013, the company announced the expropriation of a group of properties owned by the company and its subsidiaries in Madinah for the Prophet’s Mosque expansion, according to Argaam’s data.

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