Taiba Holding Company announces the results of its 30th Ordinary General Meeting

Taiba Holding Company announces the results of its Ordinary General Assembly Meeting held at 17:00 on 20-06-1436 corresponding to 09-04-2015 at the headquarters of Taibeh Holding in Al Madinah Al Munawwarah, King Abdullah Road (2nd Ring Road) with Sayed Al Shuhada Road. Medina after the quorum was completed, where the results of the vote on the agenda of the Assembly as follows: 1. Approve the report of the twenty-fifth Governing Council. 2. Ratification of the balance sheet, profit and loss account and auditor’s report as at 31/12/2014. 3 – discharge of the members of the Board of Directors for their management during the financial period ended on 12/12/2014. 4. Approval of the distribution of periodic and additional profits for the fiscal year 2014 equivalent to 26% of the capital by SR (390,000,000) for SR 2.60 per share of the balance of profits realized and approval of the Board of Directors’ (SR 0.50) per share shall be paid within two weeks from the date of the general meeting of the shareholders of Taiba Holding registered with the Tadawul Records as at the end of the trading day of the Assembly to become the total amount of Dividends and those proposed for distribution for fiscal year 2014 League of $ (465 million) by SR (3.10) three and ten riyals Hallals per share, representing 31% of good capital. 5 – Disbursement of the amount 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 financial year ended on 12/12/2014. 6 – Selection of United Accountants / Accountants Certified Accountants and Auditors External Auditor of Taiba Holding quarterly and annual fiscal year 2015. 7. Approve the deal that was made during 2014 with one of the related parties with Taibeh to rent the Dar Al Kawthar Hotel (Arak Inn) owned by Taibah Holding for a period of five Hijri years starting from 1431/08 / 01H with an annual lease of SR 4,500,000 for the Arab Company (Arak), a subsidiary of Taiba Holding, owns 86.88% of its capital. The Board of Directors of Arak is chaired by Dr. Hamad Bin Saif Al Batal, Board Member of Thebes Holding Company. Al-Zaid is a board member of Arak. 8 – Approval of the deal, which was held on 14/10 / 2015H between 2014 and 09/10 between Taiba Holding and AlphaPolit – Strata International Information Technology – headed by the Board of Directors of the Board of Directors of Taibah Holding Mr. Ghassan bin Yasser Shalabi Microsoft Dynamics CRM Application Development and Application Agreement (CRM) with a total amount of SR (320,514.90).