The Board of Directors of Taibah Holding is pleased to invite shareholders to attend the 23rd Ordinary General Assembly Meeting which will be held at the will of Allah at 8:30 pm on Monday 28/2/2011 at the headquarters of Taibah Holding in Madinah – King Abdullah (the second ring) with the new road of Sayed Al Shuhadaa to consider the following:
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 The balance of retained earnings as of 31/12/2010 (311,712,921) will be 1,300,000,000 SR and retained earnings as at 31/12/2010 (311,712,921) three hundred and eleven million seven hundred and twelve thousand nine hundred and twenty-one Riyals.
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.