Taiba Holding announces results of its 92nd Board meeting

The Board of Directors of Taiba Holding held its 92nd meeting in Madinah after the afternoon of Saturday, 05/05 / 1433H corresponding to 31/03/2012, where the Board was briefed at the beginning of its meeting on the latest developments in the activities of the various real estate and non-real estate activities, The second installment of the industrial arm of the industrial arm – which was announced on 29/02/2012 on Tadawul – where the Council took note of the completion of the completion of the second installment of 250 million riyals by 25% of the capital of the industrial industrial arm of 1,000 million SR to become paid from Ras The Arab Company for Tourist Areas (Arak) has paid the full amount of the second installment of the company’s share capital in the amount of SR 500 million and 50% of the capital. Amounting to 250 million riyals to become the contribution of the founders and the proportion of their ownership in the capital of the industrial arm company as follows: 1- Arab Company for Tourist Areas (Arak) with (50,125,000) shares and 50.125% of the capital. 2- Taiba Holding Company with 47,500,000 shares and 47,50% share capital. 3 – Al-Aqeeq Company for Real Estate Development with (2,000,000) shares and 2.00% of the capital. 4 – Toud Company for the management and marketing of real estate with (250,000) shares and 0.25% of the capital. 5- Taiba Contracting & Maintenance Company with (125,000) shares and 0.125% of the capital. Accordingly, the industrial arm company will complete the formal procedures for the amendment of the shareholders register and the commercial register of the company accordingly. Mr. Abdullah bin Mohammed Al-Zaid, Vice Chairman and Managing Director of Taibah Holding, said that the Board had considered the items on its agenda and made the necessary decisions. The most important of these was the continuation of quarterly dividend payments to Taiba shareholders for the second and third quarters of this In the year 2012 with 2.5% of the capital of Taiba Holding at SAR 37.50 million per quarter, ie 0.25 riyals per share, so that the second-quarter profits of registered shareholders will be recorded in trading records by the end of June 30, 2012, Shares registered with trading records by the end of WAM on September 30, 2012, in the light of operational returns and capital gains realized during the fiscal year 2012 to Taiba Holding Company and its sister private Opal Real Estate Development Company and the Arab tourist areas (see you). God bless