Information  X 
Enter a valid email address

Makkah & Madinah Holdings (MAMP)


Tuesday 23 October, 2012

Makkah & Madinah Holdings

Acquisition of Interest by a Director

23 October2012

                       MAKKAH & MADINAH HOLDINGS LIMITED                       

                                (the "Company")                                

                     Acquisition of Interest by a Director                     

The Shariah-compliant, PLUS-quoted, real estate investment company, Makkah &
Madinah Holdings Limited, notes that Mr. Muin El-Saleh has, by a transfer today
lodged with the Company's registrar, become the holder of 500,000 existing
Class A Voting Shares ("Shares") in the capital of the Company representing
0.04 per cent of the issued capital (previously: nil; zero per cent). Mr.
El-Saleh is a director and Chief Executive Officer of the Company.

The Shares are being transferred to Mr. El-Saleh at a deemed value of 20 pence
per Share under an arrangement entered into in March, 2011 between him and
Bonyan International Investment Group (Holding) LLC and represent compensation
for unremunerated work undertaken on behalf of the Company prior to his
becoming a director of it.

Dr. Noor Aldeen Subhi Ahmed Atatreh,


Dubai, 22 October2012

This announcement has been made after due and careful enquiry; the directors of
Makkah & Madinah Holdings Limited accept responsibility for its content.



Makkah & Madinah Holdings Limited:

Victoria Arscott, Investor Relations Manager; +971 4 423 9033;

[email protected]

Daniel Stewart and Company Plc:

Graham Atthill-Beck; +971 4 340 7262/+971 50 856 9408/+44 7779 059 879; 
[email protected]

Jamie Barklem; +44 20 7776 6550; [email protected];

Paul Shackleton; +44 20 7776 6550; [email protected]

a d v e r t i s e m e n t