Tiba Holding invites its shareholders to attend the 27th Ordinary General Meeting (Reminder)

The Board of Directors of Taibah Holding is pleased to invite shareholders to attend the 27th Ordinary General Assembly Meeting scheduled to be held at the will of God at 7:00 pm on Sunday 31/3/2013 at the headquarters of Taibah Holding in Madinah – Abdullah (the second ring) with the new road of Sayed Al Shuhadaa to consider the following: 1. Approve the report of the Twenty-third Board of Directors. 2. Ratification of the balance sheet, profit and loss account and auditor’s report as at 31/12/2012. 3 – Discharge the members of the Board of Directors for their management during the financial period ended 31/12/2012. 4- Approving the distribution of the periodic profits which was made for the first three quarters of 2012, equivalent to (8%) of the capital by SR 120 million (SR 0.80) per share of the balance of profits realized, On the payment of additional dividends for the year 2012 equivalent to 4% of the capital of SR (60) million (0.40) riyals per share to be disbursed within two weeks from the date of the general meeting of the shareholders of Taibah Holding registered with trading records as at the end of trading day To the total amount of dividends and those proposed for distribution For the fiscal year 2012 amounted to (180) million riyals (1.20) riyals per share and 12% of the capital. 5. Approving the disbursement of a sum of SR 1,800,000 as a remuneration to the members of the Board of Directors in accordance with paragraph (4) of Article (46) of the Statutes of Taibe by (200,000) riyals per member for the financial year ended 31/12/2012. 6 – Approval of the selection of auditors from among the candidates by the Audit Committee to review the financial statements for the year 2013 and the quarterly financial statements and determine the fees. 7. Approve the transaction that took place during 2012 with one of the related parties with Taibeh to rent the Dar Al Kawthar Hotel owned by Taibeh Holding for a period of five Hijri years starting from 01/08/1431H with an annual rent of SR 4,500,000 for the Arab Company for Tourist Areas ), A subsidiary of Taiba Holding, owns 86.88% of its capital. Arak Board of Directors is chaired by Mr. Abdullah Bin Mohammed Al Zaid, Vice Chairman, Managing Director and Chief Executive Officer of Taiba Holding. Hamad Bin Saif Al Batal is a member of the Board of Directors of Arak. 8. Approve the work of the Audit Committee at Taiba Holding. ———————— 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.