Saudi Cable Companys wholly owned subsidiary in Turkey, Mass Kablo, has won, Friday, June 1, 2012, an order for supply of 220 kV Cables for an important project in Russia. The value of the Purchase Order may vary between US $ 15 and 17 million approximately depending upon the cable type which is to be finalized. The deliveries are likely to start in the third or fourth quarter of 2012 and the financial effect of this Purchase Order will appear from the end of the year 2012 onwards.
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.