Abdullah Al-Othaim Markets Company announces The Results of its Fifth Ordinary General Assembly Meeting

Abdullah Al-Othaim Markets Company announces the results of the Fifth Ordinary General Assembly Meeting Which was held in Al-Othaim Training Academy in Riyadh at 4 pm on Monday, April 15, 2013 with the presence of the general assembly quorum. The Assembly approved all the meeting agenda as follows :

1. Approved the Company's annual consolidated financial statements & the Auditors Report for the fiscal year ended 31/12/2012.

2. Approved the Board of Directors Annual Report for the fiscal year ended 31/12/2012.

3. Acquitted the directors of the board for the fiscal Year ended 31/12/2012.

4. Approved the Board of Directors Recommendation to distribute cash dividends of SR (67.5) Million for the fiscal year 2012, at SR (3) per share, which represents 30% of the Companys capital as per the share value. The Maturity date for the dividends will be for shareholders registered in the Company's Books at the close of the trading date of the GA meeting mentioned above.

5. Approved the Rent & lease contracts between the Company and Al-Othaim Holding Company with a total amount of SR 745,050 and Abdullah Al-Othaim Real Estate Investment and Development Company with a total amount of SR 48,333,207, as related parties to the chairman of the Board Mr. Abdullah Saleh Al-Othaim and the Board Member Mr. Fahad Abdullah Al-Othaim and give the permission for the next Year.

6. Approved the appointment of the auditor / KPMG -Al Fozan & Al Sadhan among the candidates nominated by the Audit Committee for Auditing the company's accounts for the fiscal year 2013 and determined their fees.

7. Approved remunerations of the Board members with a total amount of SR (1,164,500) for the fiscal year ended on 31/12/2012 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 each committees Members of SR 25,000 plus transportation allowance of SR 1,500 for each meeting attended

The dividends will be disbursed to the shareholders starting from Saturday 4 May, 2013 through direct transfers to bank accounts linked to their investment portfolios