Taiba gets compensated for Prophet’s Mosque expansion, sees SAR 49M financial impact

15/10/2025 Argaam
Taiba says the net positive financial impact resulting from this compensation will be reflected in its Q4 2025 results

Taiba says the net positive financial impact resulting from this compensation will be reflected in its Q4 2025 results

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

 

The net positive financial impact resulting from this compensation, valued at about 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, Taiba announced the expropriation of some properties owned by the company and its subsidiaries in Madinah for falling within the masterplan of the ongoing Prophet’s Mosque expansion project, according to Argaam’s data.

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