Saudi Taibah Investment & Real Estate Co. has bought a land plot in Mecca in a deal worth SR20 million (US$ 5.3 million), Al-Riyadh newspaper has reported. The 2,012 sq m land plot is situated 1.5 km from the Holy Mosque.
Taibah was established as a joint stock company in September 1988 with an authorized capital of SR 3000 millions ($ 800 millions) and a subscribed capital of SR 750 millions ($ 200 millions).
