Taiba Holding invites its shareholders to attend the AGM (1st meeting)

The Board of Directors of Taibah Holding is pleased to invite shareholders to attend the 31st Ordinary General Assembly Meeting scheduled to be held at the will of Allah at the fifth hour of the afternoon of Monday 1437/06 / 19H corresponding to 2016/03 / 28M at the headquarters of Taibah Holding in Madinah – King Abdullah (the second ring) with the new road of Sayed Al Shuhadaa to consider the following: 1 – Vote on the report of the Twenty – sixth Board of Directors for the fiscal year ending in 2015/12/31 AD. 2 – Vote on the balance sheet and profit and loss account for the fiscal year ending in 12/31/2015. 3 – vote on the auditors’ report for the fiscal year ending in 2015/12/31 AD. 4 – vote on the discharge of the members of the Board of Directors for their management during the financial period ended 31/12/2015. 5. To vote on the distribution of dividends to the shareholders for the fourth quarter of the year 2015, equivalent to 5% of the share capital of SR 75,000,000 (SR 0.50) per share, in addition to its distribution of periodic profits On the proposal of the Board of Directors for the first three quarters of the year 2015, equivalent to 15% of the share capital amounting to SR 225,000,000 (SR2.5 million) for each share of the balance of the realized profits, And the proposed distribution for the fiscal year 2015 amount of (300.000.000) three hundred million riyals by (2) The company is entitled to profit from the fourth quarter of 2015 to the shareholders of Taiba Holding registered with the trading records as at the end of the trading day of the association and will be disbursed within two weeks from the date of the Assembly. 6 – Vote on the disbursement of the amount of the profits of (1,800,000) riyals as a remuneration to the members of the Board of Directors in accordance with paragraph (4) of Article (46) of the Statute of the benefit of (200,000) riyals per member for the fiscal year ended 31/12/2015. 7 – Vote on the selection of auditors from among the candidates by the Audit Committee to review the annual financial statements for the year 2016 and quarterly financial statements and the provision of Zakat services and determine the fees. 8- The vote on the continuation of the deal during 2015 between Taibah Holding and Alapipol-Strata International Company for Information Technology, headed by its board of directors, the Board of Directors of Taibah Holding, Mr. Ghassan bin Yasser Shalabi, as a result of following up the implementation of the Microsoft Business Solutions Software Development and Application Agreement Dynamix and the complementary agreement related to the implementation of the CRM software, for a total amount of (414,279) four hundred and fourteen thousand two hundred and seventy-nine riyals, including the renewal fees of Microsoft Dynamics. Any shareholder may, by virtue of the text of the power of attorney appointed to do so, delegate other shareholders to attend the said meeting, provided that the agent is not a member of the Board of Directors or a member of Taibah. The power of attorney is also required to be in writing and certified. From one of the industrial chambers of commerce, or one of the local banks to which the shareholder is an accountant or the employer. In case of being a civil entity, the signature of the official should be authenticated by one of the Chambers of Commerce and Industry and accompanied by a copy of proof of ownership of the shares. The date of the meeting shall be at least three days. Each shareholder or his representative must present proof of his official identity and prove ownership of his shares and attendance at least one hour prior to the meeting. The registration procedures shall be completed, noting that the number of shares representing the quorum for the meeting is 50 ) Of the issued shares (75,000,000) shares.