Taiba Holding invites shareholders to attend the 26th Ordinary General Meeting

The Board of Directors of Taibah Holding is pleased to invite shareholders to attend the 26th Ordinary General Assembly meeting scheduled to be held at the will of God at 7 pm on Saturday 08/05 / 1433H corresponding to 31/03/2012 at the headquarters of Latibah Holding in Madinah – King Abdullah Road intersection (the second ring) with the new road of Sayed Shuhada to consider the following: 1. Approve the twenty-second report of the Board of Directors. 2. Ratification of the balance sheet, profit and loss account and auditor’s report as at 31/12/2011. 3 – Discharge the members of the Board of Directors for their management during the financial period ended 31/12/2011. 4. Approval of the distribution of the periodic profits distributed during 2011, equivalent to 7.5% of the capital, amounting to (112.5) one hundred and twelve million five hundred thousand riyals at a rate of 0.75 riyals per share from the balance of retained earnings and profits achieved, On the payment of additional dividends for the year 2011 equivalent to 2.5% of the capital amount of 37.5 million riyals, 0.25 riyals per share, to be distributed within two weeks from the date of the general meeting of the shareholders of Taibah Holding registered with the trading records at the end of the trading day of the Assembly to become the total amount Dividends and those The proposed distribution for the fiscal year 2011, an amount of 150 million rials by (1) riyals per share, representing 10% of the capital. 5. Approval of the selection of auditors from among the candidates by the Audit Committee to review the financial statements for the year 2012 and the quarterly financial statements and determine the fees. 6. Approval of the transactions that took place during 2011 with the related parties with Taiba, including the Arab Company for Touristic Regions (Arak) – a subsidiary owned by Taiba Holding, which owns 86.81% of its capital – the leasing of Dar Al Kawther Hotel owned by Taiba Holding Company (Arak) Until 2015. 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 present his official identity and prove his ownership and attendance at least one hour prior to the meeting. The number of shares representing the quorum for the meeting is 75,000,000. (50%) of the issued shares.