Kingdom : Holds Board Meeting & Annual General Meeting (AGM)

March 31, 2016

Kingdom Holding Company (KHC), chaired by HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, held a Board meeting and the Company's Annual General Meeting (AGM) on Wednesday, March 30 2016 at the Four Seasons Hotel, Riyadh.

The AGM meeting was attended by the KHC Board that is comprised of Eng. Talal Almaiman, Executive Director for Development and Domestic Investments, Dr. Adel Alsayed, Executive Director for Private Equity, International Investments, Mr. Sarmad Zok, Executive Director of Hotel Investments, Mr. Mohammed Fahmy, KHC's CFO, and the Non-Executive board member Eng. Taher Agueel, Dr. Khaled Al-Saheem and Mr. Shadi Sanbar. Eng. Rasha Elhoshan's proxy was provided to HRH the Chairman.

Furthermore, the AGM meeting appointed Mr. Ziyad M. Alomair as its Secretary. The AGM meeting was also attended by representatives from the Ministry of Commerce and the Capital Market Authority (CMA).

The shareholders approved all the resolutions, presented at the AGM as follows:

1. Approval of the Board of Directors' report for the year ended 31/12/2015.
2. Approval of the Company's financial statements for the year ended 31/12/2015.
3. Releasing the Board of Directors for their actions during the period from 01/01/2015 to 31/12/2015.
4. Approval of auditors report for the year ended 31/12/2015.
5. Approval of the Audit Committee's proposal to select external auditors for the year 2016.
6. Approval of the Board of Directors for the distribution of quarterly dividends in 2015 with a total of 655.9 million Saudi Riyals.
7. Approval to authorize the Board of Directors to distribute quarterly dividends.