Published: Jun 09, 2014
Source: Tadawul

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Saudi Telecom company announces for the expropriation of its land located in the neighborhood of al faisaliah in riyadh city

Saudi Telecom Company announces that it has received the decision from the ministry of Finance which include the expropriation of the company land located in the neighborhood of Al Faisaliah in Riyadh City with an area of 1,047,000 square meters and book value of 105,250,473 SR ; which is owned under the deed No. 195/8 and Dated on 02/01/1435 ; the company will be informed with the value of the compensation at a later date .

The company will announce the value of the compensation and the financial impact when received from the competent authorities.

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