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| a-   | The      right to receive a certain percentage of the net profits, not less than 5%      of the share par value after deduction of the statutory reserve and before      any distribution of the profits of theCompany. |
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| b-   | The      right of priority to recover the value of their shares in capital upon      liquidation of the Company and to receive a certain percentage of the      liquidation proceeds. |
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| 1-   | Dispose      of the Company’s assets, properties, estates, effect and approve purchase,      pay the price, to mortgage, to de-mortgage, sell, vacate and receive the      price. The Board minutes of meeting shall include the following within the      recitals, provide that: |
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| a-   | To      specify the reasons and justifications for such  acts. |
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| b-   | To      state that the sale price, in the event of sale, shall be close to a price      specified according to the established accounting    practices. |
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| c-   | The      sale price shall be immediately paid, except where necessary and with      sufficient guarantee. |
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| d-   | Such      acts will not bring about the obstruction of any of      the  Company’s activities, impair its competence or create any      additional obligations. |
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| 2-   | The      Board of Directors shall have the right to obtain loans      for  terms not exceeding the Company’s term, subject to the      following conditions: |
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| a-   | The      value of loans the Board may execute during any one fiscal year shall not      exceed 50 % of the Company’scapital; |
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| b-   | The      Board shall specify in its resolution the manner in  which the      proceeds of the loan will be used and the manner of payment thereof;      and |
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| c-   | The      conditions of the loan and the securities provided in relation thereto      shall be without prejudice to the Company, the shareholders and the      general guarantees of creditors. |
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| 3-   | The      Board of Directors may represent the Company in it relations with third      parties and before the courts, Board of Grievances, Labor Office, Labor      Committees, Securities Committees, Judicial Committees, Arbitration      Authorities, Civil Rights Departments, Police Offices, governmental      authorities, Chamber of Commerce and Industry, various companies and      corporations; participate in bids, receive and make      payments,  acknowledge, claim, defend, plead, dispute,      reconcile, accept and reject judgments, arbitrate on behalf of Company,      request execution of judgments, oppose same and receive the proceeds      thereof; |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4-   | The      Board of Directors may sign all contracts, documents and instruments,      including without limitation: articles of association of companies in      which the Company is shareholder, with all amendments and annexes,      amendment resolutions; sign agreements and instruments before the notary      public and governmental authorities, make guarantees to companies for      their loans and those of their subsidiaries, issue powers of attorney on      behalf of the Company, appoint employees and representatives and fix their      remuneration and terminate the services of same, receive and deliver, rent      and lease, open accounts, credits, withdraw, deposit in banks, issue bank      guarantees, sign all checks, documents and bank    transactions. |
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| a.   | That      such discharge shall take place at least one year after the date on which      the debt has originated, |
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| b.   | That      such discharge shall be limited to a certain maximum amount for each year      and for each individual debtor; and |
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| c.   | That      such discharge shall be the right of the Board and may not be delegated to      others. |
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|   | a-      A member of the Board of Directors may not act on behalf of more than one      Board Member at the same meeting; |
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|   | b-   The      proxy shall be in writing; and |
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| 1.   | Prepare      for Board meetings; |
|----------------|----------------------------------|

| 2.   | Enforce      Board resolutions; |
|----------------|---------------------------------|

| 3.   | Prepare      the estimative annual balance sheets in accordance with the generally      acceptable accounting principles and Board  resolutions; |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.   | Run      the affairs of the Company, supervise the performance of the officers in      charge of the Company’s management and the Company’s employees in      conformity with the regulations; |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5.   | Issue      and authorize others to issue orders pertaining to the Company’s expenses      as per the approved annual balancesheets; |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------|

| 6.   | Exercise      the powers vested in him by Board resolutions and under the Company’s      bylaws and regulations; |
|----------------|------------------------------------------------------------------------------------------------------------------------|

| 7.   | Delegate      such powers to other officers in charge as he may deem appropriate subject      to the Company’s bylaws andregulations; |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------|

| 8.   | Sign      and authorize others to sign contracts, and purchase, sell, transfer, and      accept real estate on behalf of the Company pursuant to the resolutions      issued by the Board approving suchacts; |
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| 9.   | Sell,      purchase, and receive the price of moveable and immovable assets and      conclude or revoke transactions based on resolutions issued by the      Board. |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.   |  Open,      operate, or close all types of accounts with any Saudi or foreign      financial institutions, subject to the approval of the Board; open      documentary accounts in favour of the Company’s financers; sign, transfer,      accept, deduct, guarantee, warrantee, and pay all transfers; draw cheques      on the accounts of the Company with banks pursuant to the schedule of      powers approved by the Board; and |
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| 11.   | Have      such any other powers as the Board may  determine. |
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| 1-   | To      verify subscription to the capital and fulfillment of the relevant      provisions in accordance with the Companies Law at the minimum value as      allocated for the share value; |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2-   | To      draw up the final provisions of the Company’s  bylaws; |
|----------------|----------------------------------------------------------------------|

| 3-   | To      appoint the members of the first Board of Directors for a term not      exceeding five years and the first auditor, if these have not been      appointed in the Articles of Association or in the Bylaws of the Company;      and |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4-   | To      deliberate on the incorporators’ report for the operations and expenses      required for the incorporation theCompany. |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------|

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| 1.   | An      amount equal to ten per cent (10 %) of the net profits shall be set aside      for the formation of the statutory reserve. The Ordinary General Meeting      may, when such reserve shall have reached one half of the capital,      discontinue the setting aside of saidreserve; |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| 2.   | The      Ordinary General Meeting may, upon the proposal of the Board of Directors,      set aside a certain percentage of the net profits for the formation of      other reserves intended for a specific purpose or  purposes; |
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| 3.   | Out      of the outstanding balance, an initial payment equal to 5 % of the paid up      capital shall be distributed among the  shareholders; |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.   | Following      the deduction of expenses, depreciation, and reserves, an amount of SR      200,000.00, not exceeding 10 % of the outstanding balance of profits,      shall be paid to the Board members. |
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| 5.   | The      outstanding balance shall be distributed amongst the shareholders as a      bonus share in the profits or it shall be carried forward to the next      years in such a manner as may be approved by the General      Meeting. |
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