The Board of Directors of Taibah Holding is pleased to invite shareholders to attend the 24th ordinary general assembly meeting, which will be held at the will of God at the fifth hour of the afternoon of Monday 04/04/2011 corresponding to 04/04/2011 at the headquarters of Taibah Holding in Madinah – Abdullah (the second ring) with the new road of Sayed Shuhada – so consider the following:
Approve the twenty-first report of the Board of Directors.
Ratification of the balance sheet, profit and loss account and auditor’s report as at 31/12/2010.
Release of directors from their management during the financial period ended 31/12/2010.
Approval of the distribution of periodic profits for the first quarter of 2010 equivalent to (3%) of the capital by RO 45 million from the balance of retained earnings and profits achieved as at 31/12/2010 and approval of the Board of Directors’ The rest of the year equivalent to 7% of the capital of SR (105) million (0.70) riyals per share will be disbursed within one month from the date of the general assembly of shareholders of Taiba Holding and will be the right to profit from the rest of the year to the shareholders registered with trading records as in The end of trading on the day of the assembly to become the total amount of dividends distributed and the proposed ones The distribution for the fiscal year 2010, an amount of 150 million rials by (1) riyals per share, representing 10% of the capital.
Approval of the selection of the auditor from among the candidates by the Audit Committee to review the financial statements for the fiscal year 2011 and the quarterly financial statements and determine the fees.
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 bring his official identity and prove ownership of his shares and attend the meeting at least one hour prior to the meeting to complete the registration procedures, noting that the number of shares representing the quorum for the meeting is 50 ) Of the issued shares (75,000,000) shares.