This is in addition to the already distributed initial dividend of SR875 million for the first half of 2011 (SR1.25 per share).

According to the statement, shareholders entitled to receive the dividend are those registered in the company shareholders register as at the end of the trading day on which the ordinary general meeting is held.

Thus, the total dividends for the financial year 2011 becomes SR2,275 million (SR3.25 per share), representing 44.75 percent of the company's net profits in 2011.

Dividends will be paid as of April 1, 2012 through direct transfer to the bank accounts linked to the investment portfolios of the shareholders.

At the invitation of Mobily’s board of directors, the ordinary general meeting of shareholders was held in Riyadh recently.

According to the voting on the meeting agenda items, the general assembly also issued the following decisions:

* Approved the financial statements and the auditors' report for the financial year ended Dec. 31, 2011.

* Approved the board of directors' report for the financial year ended Dec. 31, 2011.

* Approved the appointment of Deloitte & Touche (Bakr Abulkhair & Co) from among the candidates of the audit committee to review the company's financial statements for the financial year 2012 and its quarterly financial statements and determined the auditors' fees.

* Authorized the board of directors to distribute quarterly dividends as of the financial year 2012 and to take the related necessary actions.

* Authorized the engagement of the United Electronics Co. (eXtra) as a distributor for Etihad Etisalat Company (Mobily).

* Approved the appointment of Abdulrahman Alfehaid as a member of the board of directors replacing Fahad Almubarak, as of Dec. 20, 2011 for the remaining period of the current office of the board, which will end on Nov. 30, 2012.