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Element List	Explanation
Introduction	Taiba Investments Company announces that it has signed a non-binding Memorandum of Understanding (MoU) with Osool Integrated Real Estate Company (a subsidiary of the General Organization for Social Insurance) to invest in, develop, and operate three hotels located in the Central Area of Madinah, which are owned by Osool Integrated Real Estate Company. This will be carried out through the establishment of a special-purpose company, with its capital to be determined at a later stage.
Memorandum Signing Date	2025-11-17 Corresponding to 1447-05-26
Counterparty	Osool Integrated Real Estate Company (a subsidiary of the General Organization for Social Insurance).
Memorandum Subject	Investing in, developing, and operating three hotels in the Central Area of Madinah, which are owned by Osool Integrated Real Estate Company.
Memorandum Duration	180 days from the signing date, extendable for a similar period.
Related Parties	Mr. Fahad bin Abdullah Al-Qassim, a member of the Board of Directors of Taiba Investments Company, also serves as the Chairman of the Board of Osool Integrated Real Estate Company.
Financial Impact	It cannot be determined at this time, pending the final agreement between both parties.
Additional Information	The agreement aims to redevelop three hotels located on the northern side of the Central Area in Madinah, with a total of up to 1,500 keys. The hotels will be upgraded to become world-class hospitality destinations that reflect the architectural character of Madinah and meet the expectations of pilgrims, worshippers, and visitors from around the world. The project will also contribute to enhancing the hospitality sector in Madinah and improving the quality of services provided to the Guests of Allah, in addition to adding new hotel assets to Taiba’s investment portfolio. The signing of the memorandum is in line with Taiba Investments Company’s strategy to expand its hospitality portfolio and support tourism growth in alignment with Saudi Vision 2030.