Rawabi Holding Magazine Issue 32

Making A DifferenceStatement from the CEOYouth Empowerment‎Businesses Focus On YouthEmpowerment ProgramAs we continueto encourageemployeeengagement andstrengthen ourcommunicationacross the group,all levels ofemployees havebeen involved invarious activitiesthroughout the first quarter. The Lunchwith the CEO initiative is still active,now a quarterly event, and employeesare reminded that the purpose of suchgatherings is to give direct access toupper management, enhancing internalcommunication and freely conveyingmessages, comments, concerns orsuggestions employees may otherwisebe hesitant to share. Please do take thisopportunity and let your voice be heard.In addition to Lunch with the CEO, we helda management internal communicationsworkshop on February 26, 2013 toenhance our internal communications andfacilitate more effective team cooperationacross the Group. This hands-on eventoffered a chance for all management toopenly share barriers to communication,and was followed by a cooking competitionwhere managers were split into teamsand challenged to prepare the best dishwith limited time and resources. Allmembers left energized and with a deeperunderstanding of how our common goals,values and vision, allow us to work towardsour shared values and grow as a company.Communicating is not just about gettinginformation; it is just as much aboutreceiving it. Listening is an importantcommunication skill; God created us withtwo ears, two eyes and one mouth—andwe should therefore understand thatlistening and observing is more importantthan talking.Effective communication will allow us toperform better as individuals and as agroup, within our own departments andwith our own teams, and between thedifferent companies across the group. It isimportant that our messages are properlydigested and that our team members takeownership over the messages that aredelivered. It is also important to note thatmessages in the workplace must remainpositive and professional; they should notbe taken personally, and we should bedirect and honest in our communication.Miscommunication is often the result ofvague roles and undefined responsibilities.However, it is each and every one of ourresponsibility to understand our positionsin the company and our responsibilities.These are clearly outlined in the company’sbusiness systems, and we are now workingon creating some tools that make it easierfor employees to understand the languageof business systems. We cannot forceeveryone to read and implement theguidelines in the system but with thetools we will provide in the future, it willbe easier for employees to understand ourbusiness systems.We know how busy you are, whichhighlights the importance of having astrong team, and effectively delegatingtasks so that messages are responded toeffectively and in the proper timeframe.All methods of communication are nowpart of our daily lives—social media suchas Facebook and Twitter, as well as moretraditional forms of communication suchas meetings, newsletters and e-mails.Please make sure that these are usedproperly and effectively, for the benefit ofyour own teams, and for the benefit of theGroup as a whole.Osman IbrahimGroup President & CEOBy:Nada TahirRawabi HoldingInternAs published inArab News, Friday,January 11, 2013As consumer awareness continues to grow, whatbusinesses do and how they behave is becomingsupremely important the world over. In such a scenarioof balancing societal demands against profit generation,corporate social responsibility and sustainabledevelopment provide alternative approaches to doingbusiness albeit in a way that has a positive impact on all stakeholders.Cover page photo: Pick It Upcampaign volunteers pose for a groupphoto in Seef Center Al Khobar Continued on Page 4...2 Rawabi News Issue 32 Jan-Mar 2013Rawabi News Issue 32 Jan-Mar 20133

‏ Team Contributions“It is not shameful notto realize our wishes,but it is a big shamewhen we do not seekwhat we wish for.”- Mohammed Hassan Alwan (1979--),Saudi novelistWithholding Tax(Continued from previous page)10. Refund of withholding taxIn accordance with DZIT circular, acompany is required to settle withholdingtax based on Saudi Arabian domestic taxlaw and subsequently request refund ofexcess withholding tax settled, based onthe DTT provisions. As such, in a numberof cases, WHT was paid according tothe Saudi Arabian Tax Regulationsand subsequently a refund applicationtogether with the required documentswas filed. The refund cheque was securedin four months.To claim a withholding tax refund basedon DZIT, the Saudi entity is required tosubmit the following documents:• A letter from the resident of the taxtreaty country requesting a refund ofthe taxes paid; and• A valid certificate from tax treatycountry tax authorities confirmingthat the claimant is a resident in thetax treaty country and the amountspaid are subject to tax in treatycountries.The DZIT officials have recently advisedthat to claim the tax treaties’ benefits,the letters issued by the foreign vendorand the letter issued by foreign taxauthorities should also be attested bySaudi Embassies in their respectivecountries and by the ministry of ForeignAffairs in Saudi Arabia.11. Refund of excess WHTinadvertently paidIn accordance with the Tax Regulations,WHT is considered final and notrefundable. The PAC has also upheld theDZIT’s treatment of rejecting the requestfor a refund of excess WHT which wasinadvertently paid.12. WHT obligationAn authorized person acting as abroker/agent under the Capital MarketAuthorities (CMA) to buy and sellsecurities on behalf of non-resident GCCinvestors is required to withhold tax onthe payment of dividend to the nonresidentGCC investors.13. Settlement of own withholdingtaxThe DZIT registered a non-resident entityand allowed it to settle its WHT liabilityon a Government contract by itself.14. Offset of overpayments by asubsidiary with the DZITIn a clarification, the DZIT has statedthat if a subsidiary has overpaymentswith the DZIT (after all its issues havebeen settled), such overpayments maybe used to offset any withholding tax dueon its payments to head- office or againstany advance tax payments due.New Employees‏ Powered by PeopleThe people of Rawabi Holding are at the core of our company. As a united team, we boldly reach for the sky whilerespecting what holds us firmly to the ground.It is our people who enable us to tackle new challenges, extend our services and actively add new offerings to ourgrowing portfolio. The personal sense of responsibility each employee feels fuels our hard work and determinationand helps make us a success each and every day.We welcome all new members and wish them a successful journey with Rawabi Holding.Hisham Al AliVice President for Finance and Group Chief Financial OfficerWe are pleased to announce the addition of Mr. Hisham Al Ali to the Rawabi Holding team.Mr. Hisham joins Rawabi Holding with over 15 years of experience in the financial sector. He has worked invarious banks including the Arab Bank in Jordan, Societe Generale Du Banque Jordanie, Standard Charteredand the Arab National Bank.With all that said, his extensive experience in the area of Financial Planning & Strategy setting along with hisMBA has made Mr. Hisham Al Ali all the more prepared to face the new job challenges at Rawabi Holding.Please join us in welcoming Mr. Hisham Al Ali to the Rawabi Holding Family wishing him all the success inleading the Finance and Accounting team.Saeed Al MutairCost & Planning Manager, RSCMr. Saeed AlMutair worked for ABACORP as head of the Engineering Department from 2007 to 2008. Heleft the company with a pre-agreement from top management to continue his higher education in SystemEngineering & Engineering Management at George Washington University, USA. He rejoined the company asa Cost & Planning Manager on March 20, 2013.Rawabi HoldingAlaaldin AlqadiDelocalized Finance OfficerSalem AlMukhlisGovernment RelationsRepresentativeSulfikkar HussainSenior Accountant -Delocalized Finance Unit,REC18 Rawabi News Issue 32 Jan-Mar 2013Rawabi News Issue 32 Jan-Mar 201319

Powered ‏ By People Powered ‏ By PeopleRawabi Trading and ContractingAmir Hassan AlghanimAccount ManagerHabibal Rehman IrshadAhmed ShaikhSales & Marketing ExecutiveNorman TuangLogistic & Sales SupportCoordinatorTahir KhanSales ExecutiveAsimonMuhammedAccountant -Delocalized FinanceUnit, RTCAhmad KamalOracle SCMFunctionalConsultantRitchie CasesJunior AccountantTerri WileboreOffice Manager -Group President &CEO OfficeLila Al-KhamisTreasuryCoordinatorBader Al-AlwanCorporateCommunicationsOfficerSaharAbidrabbuCorporateCommunicationsOfficerAla’a Al SaudWeb & Social MediaCoordinatorChristopherLee BusaSecretaryJitendra KumarMandalClerkAbdullah IbrahimAbdullah AltalaqInstrument TechnicianJamila Mubarak NasserAl-HajriGovernment RelationsRepresentativeRawabi SpecializedContractingMubarak Salem AldossariAdministratorRawabi Swiber Offshore ServicesArif JavadovPort CaptainIgor KachurovskyyPort EngineerManish PalkarMarine SuperintendentEslam MetwallySafety OfficerRamil Cruz CalmaMarine CoordinatorMadhav TurambekarMarine CoordinatorMa.Ellaine Daria PanagaSupport AdministratorIbrahim Jawad AhmedAlibrahimSupport AdministratorRajaram KashiramBandarkarMarine MechanicIt is our hard workand determinationthat creates results.We are Rawabi Holding.Powered by dedicated,talented andcommitted people.Rawabi ElectricDheya HassanAlshehabeyaOperations ManagerDeepan RengarajDesign EngineerRawabi industrialsupport servicesRoger Lopez FernandezPWHT SupervisorRico Angeles MadrigalejosSecretaryRawabiWirelessSolutionsMohammed AtherJunior AccountantVinod KumarThangappaEstimation EngineerAli MatouqAlhassanProject EngineerVenkataJohn VenturaGhantasala TolentinoMechanical Engineer SecretaryVenkatarao Saleh Al-GhizaiwiYogilisetti CNC OperatorMechanical Engineer20 Rawabi News Issue 32 Jan-Mar 2013Rawabi News Issue 32 Jan-Mar 201321

ExHibitions & ConferencesRawabi Holdingat MEOS 2013What: 18 th Middle East Oil & Gas Showand Conference (MEOS) 2013When: March 11-13, 2013Where: Bahrain International Exhibition & ConventionCentre, booth# 531RAWABI NEWS BROUGHT TO YOU BYRAWABI GROUP CORPORATE COMMUNICATIONS DEPARTMENTPlease email your articles and/or suggestions tocommunications@rawabiholding.comP.O. Box 79800, Al Khobar 31952, KSATel: +966 3 864 9909 Fax: +966 3 894 1943info@rawabiholding.com www.rawabiholding.com