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(29-12-2014 Ishbelia Towers real estate Fund in (Abu Arish):

Board of Directors of Ishbelia Towers real estate Fund was held on 29-12-2014

And headed by Mr. Ibrahim Algadah, Mr. Saad Alsabte, Mr. Khalid Al Harbi and Mr. Mohammed Al-Angari.

Where the developer completed the construction of 12 towers and the completion of the electrical and plumbing works and issued the required licenses of the project and waiting to be approved by the Notary for sale on the map through the Ministry of Commerce.

Worth mentioning; that the time frame for the completion of the construction work (superstructure) was achieved in two months earlier than the planned time.

Board Members thanked the developer for fast progress of the project and more details will be provided to shareholders at the end of January.