Riyadh – Mubasher: Taiba Holding said it signed a memorandum of understanding to buy 8.1% of AL Aqeeq Real Estate Development.
Taiba Holding will buy this stake in return for issuing new shares for the shareholders of Aqeeq Real Estate who owns the 8% stake.
The Saudi listed firm will pay SAR255.23 million, noting that its stake in Aqeeq Real Estate will increase to 98.01%.
