Taiba Holding announces the decision to repay the bank loan previously obtained from Riyad Bank

With reference to the above announced by Taiba Holding Company on Tadawul website on 04/05/1435 H corresponding to 05/01/2014 for obtaining a bank loan in accordance with the provisions of the Islamic Shari’a according to the Tawarruq formula of Riyad Bank in the amount of 400 million four hundred million riyals for a period of time The Board of Directors of Taibah Holding decided on 26/07/1435 H corresponding to 23/07/2014 to repay the loan referred to earlier and the financial effect will be reflected in the financial statements for the third quarter ending on 30/09/2014. / 2014.