An explanatory declaration by Tiba Holding on the issue of dividend payment

Taiba Holding announces that it has received a number of inquiries regarding its recently announced acquisition of the Arab Company for Tourist Zones (Arak) (the tourism arm of Taiba Holding, which owns 86.88% of its capital) and Al Aqeeq Real Estate Development (89.9% of its capital), which announced the purchase of land in distinct locations in Riyadh, Jeddah and Al Khobar for the establishment of five-star hotel hotels and apartments. The inquiries included whether this would affect the periodic profits distributed by Taibah Holding on Shareholders. Taiba wishes to announce in this regard that the expansion projects referred to in the investments of Arak and Al-Aqeeq will not affect the profits distributed by Taibah Holdings to its shareholders on a quarterly basis, God willing, because the financing of these projects will be through obtaining Arak and Al-Aqeeq And that Al-Aqeeq Real Estate Development Company, which has been distributing dividends that finance the distribution of Taiba Holding will continue to distribute. The following subsidiaries will start distributing annual dividends of not less than 5% as of 2012, Tourist areas (Arak) and the industrial arm of Almkan and Taiba Agricultural Development (Tadk).