Taiba Holding announces the results of its 33rd Ordinary General Meeting (1st meeting)

The statutory quorum for holding the 33rd Ordinary General Meeting of the Shareholders of Taibah Holding was completed at the first meeting of the Assembly meeting which was held at the headquarters of Taiba in Madinah at 6.30 pm on Sunday, 1438/11 / (09%) of the total capital of Taiba, where voting by the shareholders (present and voting by remote) was approved by an absolute majority of those who have the right to vote on the agenda of the Assembly according to the following: 1- Approval of the works and contracts that will be concluded between Taiba Holding Company and the Arab Company for Tourist Areas (Arak). The following members of the Board of Directors have an interest in them: Dr. Walid bin Mohammed Al – Issa 2 – Mr. Turki bin Nawaf al-Sudairy 3 – Mr. Ghassan bin Yasser Shalabi It is the acquisition of the share of the Arab Company for Tourist Areas (Arak) in the capital of Al-Aqeeq Real Estate Development Company (2,999,229) shares by Taiba Holding Company at a sum of (21) riyals per share with a total value of (62,983,809) sixty two million nine hundred and eighty three thousand eight hundred And nine riyals. 2- To approve the appointment of HE Mr. Mohammed Bin Talal Al-Nahhas (Non-Executive Member) on the Board of Directors of Taibah Holding as a representative of the General Retirement Corporation, replacing HE Eng. Abdullah bin Abdul Aziz Mazi (non-executive member) as of 1438/11. / 09 H corresponding to 2017/08/01 until the end of the current session of the Council, which expires on 31/12/2017.