MADINAH, 30 June 2005 — At their regular meeting held Tuesday evening, the general assembly for Taiba Investment and Real Estate Development Company approved the items on its work sheet ending Dec. 31, 2004. The assembly agreed to appoint Ibrahim Al-Essa as board member and chose the Saudi accounting firm of Ibrahim Al-Sabeel and Partners as external auditors for the company’s accounts of 2005. The general assembly approved the board of director’s suggestion of paying dividend to the shareholders registered by the end of June 28, 2005 trading day eight percent of the capital, equal to SR4 per share for the year 2004. Dividend payment will begin July 17 through any Riyad Bank branch in the Kingdom.