Taiba Holding announces the stages of its transition to the transition to International Accounting Standards (Phase II)

Taiba Holding Company announces that in the light of the announcement of the Capital Market Authority of Saudi Arabia on 2016/8/21 regarding the disclosure of the stages of keeping up with the listed companies for the transition to international accounting standards and further to Taiba’s disclosure on 1437/11 / 26H corresponding to 2016/8/1429 regarding The company wishes to disclose what has been done in this regard to date as follows: 1. There are no developments related to what was disclosed in the first stage. 2. The study of the accounting policies and their available options for the preparation of the financial statements in accordance with International Accounting Standards is under way; a reference to previously announced, will be adopted by the end of the fiscal year 2016 3. Any developments in this regard will be announced later.