Kingdom Holding Company held its third Annual General Meeting at 3:00 P.M., Sunday, 27/03/2011 at the Four Seasons Hotel Riyadh, headed by the Chairman of the board, HRH Prince Alwaleed bin Talal. The Assembly adopted, by % 100 votes, the following agenda:
1. Approve the Board of Directors report for the year ended 31/12/2010.
2. Approve the Companys financial statements for the year ended 31/12/2010.
3. Releasing the Board of Directors for their actions during the period from 01/01/2010 to 31/12/2010.
4. Approval of the Audit Committees proposal to select external auditors PriceWaterhouseCoopers for the year 2011.
5. Approval of the Board of Directors decision on the appointment of Mr. Sarmad Nabil El Zok as a member of the Board of Directors who was chosen to replace Mr. Pearly Shoucair.
6. Approval to authorize the Board of Directors to distribute quarterly dividends.
As per Kingdom Holding Companys previous announcement on the 18th of December, 2010, there will be quarterly dividends of 12.5 halalas per share to shareholders, which totals SR 0.5 for the full year. Entitlement to distribution shall be as follows:
First payment: The entitlement of the distribution shall be for shareholders of record at the closure of the AGM, 27/03/2011 and distribution of dividends shall be after two weeks.
Second payment: The entitlement of the distribution shall be for shareholders of record at the closure of business on 29/06/2011 and distribution of dividends shall be after two weeks.
Third payment: The entitlement of the distribution shall be for shareholders of record at the closure of business on 28/09/2011 and distribution of dividends shall be after two weeks.
Fourth payment: The entitlement of the distribution shall be for shareholders of record at the closure of business on 28/12/2011 and distribution of dividends shall be after two weeks.
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