Riyadh-Amlak
The Board of Directors of Taiba Holding Company has issued a recommendation to distribute cash dividends to the company’s shareholders for the second quarter of 2013 totaling 45 million riyals, with a dividend of 0.30 riyals per share, which equates to a payout ratio of 3% relative to the par value of the share. Shareholders registered with the Securities Depository Center (Tadawul) as of the close of trading on June 30, 2013, are eligible to receive the dividends. The distribution date will be announced within two weeks of the aforementioned record date by transferring the dividend amounts to the investment accounts linked to the portfolios of Taiba shareholders as recorded in Tadawul’s records…Meanwhile, dividends due to certificate holders—who have not yet opened investment portfolios – will be held by Taiba, and their dividend amounts will be transferred to their investment accounts linked to their portfolios once they have opened them and notified Taiba to update their information, including the account numbers associated with their investment portfolios.