Taiba Holding Company announces the resignation of the Managing Director and Chief Executive Officer and the appointment of an Chief Executive Officer

Taiba Holding Company announces the resignation of HE Mr. Adel Bin Mohammed Al Zaid, Managing Director and Chief Executive Officer of Taiba Holding, from his position as Managing Director and Chief Executive Officer at Taiba Holding on 14/3/2016 AD. Taibah Holding to resign on 1437/3/30 H corresponding to 2016/1/10. The resignation will take effect from 1437/4/1 H corresponding to 2016/1/11. The Chairman and Members of the Board of Directors of Taiba Holding hereby thank Appreciation to His Excellency Mr. Adel Bin Mohammed Al-Zaid for his efforts and fruitful contributions during his tenure as Managing Director and CEO. Holding of wishing him success and repayment. The Board also decided to appoint HE Ayman Hamza Saeed, Deputy Chief Executive Officer of Taibah Holding as Chief Executive Officer of Taibe Holding Company, as of 1437/4 / 1H corresponding to 2016/1/11. Mr. Ayman Bin Hamza Saeed holds a Bachelor’s Degree in Accounting in 1987. From King Abdulaziz University. He has been working at Taibah Holding since 1992/7/1. During this period, she has been included in many leadership positions in Taiba and one of its subsidiaries. He has more than twenty eight years of experience in the fields of investment, finance and administration. , And wished the Chairman and members of the Board of conciliation and payment of Professor Ayman Hamza Said His new duties.