The Board of Directors of Taiba Holding recommends cash dividends for 2010

The Board of Directors of Taiba Holding Company held its eighty-seventh meeting at the company’s headquarters in Madinah on Tuesday 22/3/2011 corresponding to 22/02/2011. The recommendation of the 24th Ordinary General Assembly for the shareholders of Taibah was approved by the Board of Directors (3%) of the capital of SR 45,000,000 (forty five million riyals). The Board also recommended to the General Assembly to distribute 7% of the capital in the amount of (105.000.000) one hundred and five million riyals for the rest of the year 2010 at 0.70 halalas per share to be disbursed after the approval of the Assembly within one month from the date of the Assembly. Registered at Tadawul as at the end of trading on the date of the Assembly to become the total amount of dividends distributed and those proposed for distribution for the fiscal year 2010 (150.000.000) one hundred and fifty million riyals, ie (1) riyals per share and 10% of the capital, Vice Chairman and Managing Director and Chief Executive Officer of Taiba Holding He added that the Board had considered the items on the agenda and taken the necessary decisions. The most important of these was the approval of the financial statements of Taibah Holding for the fiscal year ended on 31/12/2010 in preparation for its approval by the 24th Ordinary General Assembly. For the good shareholders that will be held later, God willing.