Saudi Telecom due windfall if govt pays mkt rate for seized land

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By Matt Smith DUBAI, June 30 (Reuters) - A plot of land seized by Saudi Arabia's government from Saudi Telecom Co (STC) is probably worth multiple times its book value, property consultants estimate, potentially putting the company in line for a huge compensation. Earlier this month, the telecom operator an**unced the government had seized a 1.05 million square metre plot in the Al Faisaliah district of Riyadh, stating the land's book value was 105.3 million riyals ($28.08 million).

أكثر... (https://en-maktoob.news.yahoo.com/saudi-telecom-due-windfall-govt-pays-mkt-rate-132957373.html)