The compensation amounted to SAR 44. In a statement to Tadawul, the company said it had submitted a request to the State Properties General Authority (SPGA) on Oct. Saudi Cable Company announces to its valued shareholders the receipt of the amount of compensation for the land expropriated in the Al-Montazhat neighborhood of Kilowa 12 with an area of 48900 meters as a result of the removal of the slums in the city of Jeddah, and the value of the compensation is. Saudi Cable Co. The new Law on Expropriation for Public Interest and Temporary Possession of Real Estate, issued by Royal Decree No. 4, 2025), and approved by Council of Ministers Resolution No. (177) dated 3/3/1447H. Expropriation for public benefit is the legal procedure taken by the State (or a government entity) to acquire private property - whether land, villa, building, commercial shop, farm, or any other property - to implement a project serving the public interest, in exchange for fair compensation to. The Saudi Expropriation Law (also referred to as eminent domain) regulates the government's ability to acquire private property for projects serving the public benefit.
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