Abdullah Al-Othaim Markets Company announces the results of the fourth Ordinary General Assembly Meeting

Abdullah Al-Othaim Markets Company announces the results of the fourth Ordinary General Assembly Meeting Which was held in Al-Othaim Training Academy in Riyadh at 4 pm on Wednesday, October 3, 2012 with the presence of the general assembly quorum. The Assembly approved all the meeting agenda as follows :

I.Approved the election of a new board of directors from among the candidates for its second session for a period of three years starting from the date of the general assembly held on Oct. 3, 2012.

The following candidates were elected:

1.Abdullah Saleh Ali Al-Othaim

2.Fahad Abdulla Saleh Al-Othaim

3.Yousef Mohammad Nasser Al-Gafari

4.Saleh Mohammed Saleh Al-Othaim

5.Abdulsalam Saleh Abdulaziz Al-Rajhi

6.Abdulaziz Saleh Abdullah Al-Rebdi

7.Sabah Mohammad Mutlaq Al-Mutlaq

8.Abdullah Ali Abdullah Aldubaikhi

II.Approved the duties carried out by the Board of Directors from the expiry date of its current session until the date of the Ordinary General Assembly date.

III.Approved the Board of Directors' proposal to distribute cash dividends for the year 2011 at SR (1) one riyal per share which represents 10% of the companys share capital amounting to SR 22.5 million. Eligible shareholders are those who owns the shares at the end of trading of the general assembly meeting day.

The dividends disbursement date will be announced later .

IV.Approved the Boards proposal to pay bonuses for its members at SR 150,000 for each member and SR 170,000 for the Chairman of the Board, plus transportation allowance of SR 3,000 for each meeting attended. In addition to bonus for committees attended by the Board members of SR 25,000 for each member plus transportation allowance of SR 1,500 for each meeting attended during 2011 as reported in the annual Board's report for the year ended 31/12/2011.