Taiba Holding announces its annual consolidated financial results for the year ended 31/12/2011

Taiba Holding announces its annual consolidated financial results for the year ended 31/12/2011: 1 – Net profit amounted to 236,741,609 riyals compared to 92,098,036 riyals for the previous year, an increase of 157.05%. 2 – Earnings per share amounted to 1.58 riyals compared to 0.61 riyals for the previous year. 3 – Total profit amounted to 286,186,721 riyals compared to 135,716,948 riyals for the previous year, an increase of 110.87%. 4. The net profit of the activity amounted to SR 218,389,369 compared to SR 82,036,312 with an increase of 166.21%. 5. The increase in the results for the fiscal year 2011 compared to the previous year 2010 is mainly due to the increase in the operating efficiency of the subsidiaries and the achievement of returns for good collection to compensate for the expropriation of land No. 5061 located in the central region of Madinah in addition to the proceeds of selling a good share in the plot north Lakes Road in Jeddah. 6. Certain comparative year figures have been reclassified to conform with the current year.