Taiba Holding announces the results of its Board of Directors Meeting held on 23/02/1435 H corresponding to 26/12/2013

The Board of Directors of Taiba Holding Company held its meeting on Thursday 26/22/2013 at the Mecca Hotel in Makkah Al Mukarramah. The Board reviewed the progress of the various investments and investments of Taiba Holdings and its subsidiaries and associates. His work and took the necessary decisions towards it, the most prominent of which are: 1- Appointing HE Adel Bin Mohammed Al-Zaid as Chief Executive Officer of Taibeh Holding as of 1/1/2014. 2- To approve the receipt of good loans on the bank loans in accordance with the provisions of Islamic Sharia investment for the low returns on bank loans in accordance with the provisions of Islamic Sharia and anticipation of the holding of Taiba, will be received, God willing, from the amounts of compensation for the removal of some of the property of Taiba within the scope of project Custodian of the Two Holy Mosques King Abdullah bin Abdul Aziz for the expansion of the Grand Mosque of the Prophet to strengthen the investments of Taiba Holding. 3 – Adoption of the Planning Budget for the year 2014. God bless