Taiba Holding announces the results of its 23rd Ordinary General Meeting

The 23rd Ordinary General Meeting of the Shareholders of Taibah Holding held its meeting at 8:30 pm on Monday 14/03 / 1432H corresponding to 14/03/2011 at the headquarters of Tiba in Madinah to vote by the shareholders present on the agenda item of the 23rd Ordinary General Assembly Approve the transfer of the amount of (239,026,400) two hundred and thirty-nine million and twenty six thousand four hundred riyals from the balance of the statutory reserve as at 31/12/2010 – according to the preliminary financial statements – the amount of (1,239,026,400) billion and two hundred and thirty-nine million and twenty-six thousand four hundred riyals The balance of the retained earnings to become the balance of the statutory reserve (1,000,000,000) thousand million riyals and the balance of retained earnings (initial) as at 31/12/2010 (311 722 921), three hundred and one eleven million seven hundred and twenty-two thousand nine hundred and twenty-one riyals.