Taiba Holding Company announces the opening of the nomination for membership of the Board of Directors for the next session

Taibah Holding Company is pleased to announce to its shareholders the opening of the candidature for membership of the Board of Directors of the Company for the new session which begins on 01/01/2018 and for three calendar years by God’s permission. The current session will end on 31/12/2017. The management of the new session at the next General Assembly meeting, which will be announced later after taking the necessary approvals from the competent authorities, where each shareholder is entitled to nominate himself or another person or more for membership of the Board of Directors, within the limits – ownership of the capital to submit notification of nomination Of the Rewards and Nominations Committee, 11/2017 and not later than 30/11/2017 in accordance with the conditions and controls set out in the Companies Regulations and Rules of Registration, Listing and Corporate Governance Regulations issued by the Capital Market Authority. The nomination application shall include the following: The candidate who has previously been a member of the board of directors of a joint stock company shall disclose the number and date of the boards of directors of the companies that he (and still shall) assume with the companies or institutions that he participates in. Management or ownership, and carries out similar business activities for Taiba Holding Company. 2- Filling the CMA Form No. 3 (CV form of the candidate for the board of directors of a joint stock company listed on the Saudi Stock Exchange / Tadawul), which can be obtained from the following CMA: https://cma.org.sa/RulesRegulations/FormsSite/Pages/default.aspx 3. If the candidate has previously served on the Board of Directors of Taibah Holding Company, he shall attach a statement from the Company on the last session in which he took the membership of the Board, including the following information: A – The number of meetings of the Board of Directors that took place during each year of the session, the number of meetings attended by the member Asala, and the percentage of attendance of the total meetings. (B) The standing committees in which the member participated, the number of meetings held by each committee during each of the years of the session, the number of meetings attended and the percentage of attendance at the total meetings. C- A summary of the financial results achieved by the company during each year of the session. 4. In addition to the above, candidates shall observe the following: A- The candidate should have adequate experience, honesty and talents that will enhance the company’s ability to perform optimally. (B) That no decision or judgment has been issued against him by any judicial or other body. The person nominated for membership of the Board shall not be a member of the board of directors of more than five of the boards of directors of joint stock companies listed on the Saudi Stock Exchange at the same time. (D) A clear copy of the national identity card, as well as a copy of the family register or a copy of the commercial register, shall be attached with the application for candidacy in respect of the legal entities that wish to nominate representatives. The Company’s Compensation and Nominations Committee will take into account the recruitment process of the candidates and meet the requirements of the governance system related to the membership of the Board of Directors so that at least one third of the members are independents and the majority are non-executive. The voting in the General Assembly for the new session will also be limited to those who have nominated themselves according to the criteria referred to. The following documents are sent to the secretary of the Rewards and Nominations Committee at the company’s address: Tiba Holding Company – Madinah – Intersection of the new Sayed Al Shuhadaa Road with King Abdullah Road (2nd Ring Road) Telephone No. (8377777/014) Fax (8367777/014) PO Box 7777 Madinah (41472) For further information, please contact the company’s management on the phone above. God bless