Taiba Holding Company invites its shareholders to attend the Ordinary General Meeting (Reminder)

The Board of Directors of Taibah Holding is pleased to invite the shareholders to attend the 30th Ordinary General Assembly Meeting scheduled to be held at the will of God at the fifth hour after the afternoon of Thursday 1436/06/20 corresponding to 04/04/2015 at the headquarters of Taibeh Holding in Madinah – Intersection of King Abdullah Road (2nd Ring Road) with the new Sayed Al Shuhada Road to consider the following: 1. Approve the report of the twenty-fifth Board of Directors. 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 31/12/2014. 4. Approval of the distribution of periodic and additional profits for the fiscal year 2014 equivalent to 26% of the share capital of SR 390 million (SR 2.60) for each share of the balance of profits achieved and approval of the Board of Directors’ On the payment of additional dividends for the year 2014 equivalent to 5% of the capital of SR (75) million (SR 0.50) per share to be disbursed within two weeks from the date of the general assembly of shareholders of Taiba Holding registered with trading records as at the end of Tadawul The day of the Assembly to become the total amount of dividends distributed and proposed For the fiscal year 2014. The amount of SR (465) million at (3.10) three riyals and ten halals per share and 31% of the capital. 5. Approving the disbursement of a sum of SR 1,800,000 as remuneration to the members of the Board of Directors in accordance with paragraph (4) of Article (46) of the Statutes of Taibe by (200,000) Riyals for each member for the financial year ended 31/12/2014. 6 – Approval of the selection of auditors from among the candidates by the Audit Committee to review the annual financial statements for the year 2015 and quarterly financial statements and the provision of Zakat services and determine the fees. 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 Taiba Holding for a period of five Hijri years starting from 1436/08/01 with an annual rent of SR 4,500,000 (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 Taiba Holding. The CEO of Taiba Holding, Adel bin Mohammed Al Zaid is a member of Arak Board of Directors. 8- Approving the transaction which was held on 14/10/11/15 corresponding to 10/10/2014 between Taiba Holding and Alpha People – Strata International IT Company – whose Board of Directors is headed by a member of the Board of Directors of Taiba Holding Mr. Ghassan bin Yasser Shalaby Which is the annex to the agreement for the development and application of business software solutions Microsoft Dynamics system and the subject of that supplement application of the CRM system in the total amount of (90 / 320,514) three hundred and twenty-five thousand and fourteen riyals and ninety halalas. 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.