Taiba Holding announces the establishment of an auction for the sale of the buildings and properties of Afaq Al Qudha, one of the former subsidiaries of Taiba Holding

Further to the above, announced on 23/10/2011 corresponding to 21/09/2011 on the approval of the Board of Directors of Taibah Holding on the decision to liquidate Afaq Al Qudah Company – one of the former subsidiaries of Taibeh Holding, which has a good contribution therein (88%). Quality Prospects For losses of more than half of its capital due to the intense competition in the fields of the company’s activities, Taiba Holdings wishes to announce to its shareholders that the Afaq Quality Company’s liquidator executed the auction on 28/01/2013 Including the administrative building of the reality in the district of North Marsalat in Riyadh for purposes The liquidator will sell all the legal procedures for the liquidation of Afaq AlQawda Company. The financial impact of this sale and all related to the liquidation of Afaq AlQawda will be reflected in the financial statements of Taiba Holding by the end of the year. The first quarter of this year ending 31 March 2013, God willing.