Which is equivalent to (10%) of the capital of SR (150) one hundred and fifty million riyals per share of the balance of profits achieved, and approval of the proposal of the Board of Directors regarding the payment of dividends for the fourth quarter of 2013 (4)% of the share capital in the amount of SR (60) million (SR 0.40) per share to be distributed 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 trading on the day of the Assembly, Distributed and those proposed for distribution for the fiscal year 2013 Of 210 million riyals by (1.40) riyals per share, representing 14% 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 31/12/2013.
6 – Approval of the selection of auditors from among the candidates by the Audit Committee to review the annual financial statements for the year 2014 and the quarterly financial statements and determine the fees.
7. Approve the deal that was made during 2013 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 from 01/08/1431H with an annual lease of SR 4,500,000 for the Arab Company (Arak) – a subsidiary of Taiba Holding Taiba owns 86.88% of its capital – Arak Board of Directors is chaired by Mr. Abdullah Bin Mohammed Al Zaid, Vice Chairman, Managing Director and Chief Executive Officer of Taiba Holding. Board of Directors of Taiba Holding Dr. Hamad Bin Saif Al-Batal K.
8- Approving the deal that was executed on 23/11/1434 H corresponding to 29/09/2013 with Alpha People, a member of Strata International Company for Information Technology, whose Board of Directors is headed by Mr. Ghassan Bin Yasser Shalaby, And the implementation of Microsoft Dynamics business solutions software at a cost of (234,750) two hundred and thirty four thousand and seven hundred and fifty riyals for a period of six months, renewable according to the stages of completion of the scope of agreed works and the subsequent provision of maintenance and support services.
The shareholder may, by virtue of the power of attorney, prepare for the appointment of other shareholders to attend the said meeting provided that the agent is not a member of the Board of Directors or a member of the Board of Directors of Taiba. The power of attorney is also required to be in writing and certified. From one of the chambers of commerce or industry, or one of the local banks to which the shareholder is an accountant or the employer. In case of being a civil authority, 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 meeting shall be held for at least three days. Each shareholder or his representative must bring his official identity and prove ownership of his shares and attend the meeting at least one hour prior to the meeting to complete the registration procedures, noting that the number of shares representing the quorum for the meeting is 50 ) Of the issued shares (75,000,000) shares.