11. Transactions carried out with related parties during the twelve months of the year 2011:
a)Contracts for engaging the services of Xeca, an associate company, amounted to SR 16.4 million, for twelve months. These are for development and implementation for an upgrade of our existing SAP ERP platform, and providing our regular Information Technology related support services. The amount for the fourth quarter was SR 3.6 million.
b)Contracts for purchase of aluminium from Midal Cables, an associate company, for an amount of SR 7.1 million; for twelve months of 2011.
c)Expenses at cost incurred by Xenel Industries for the twelve months amounted to SR 7.0 million, being Saudi Cable Companys share of the expenses for the Chairmans office, fees for consultants,, business travel, public relations, training and charity; the amount spent in the fourth quarter was SR 1.9 million.
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