With reference to Saudi Cable Companys announcement on Monday, 22/10/2012, on TADWUL WEBSITE. The Company would like to explain as follows:
1.The reasons for the decrease in loss during the third quarter of 2012 compared to the same quarter of last year (2011) are improvements in the profit margins, in addition to increase in the Companys share of profits of an associate company.
2.The reason for the increase in net profit during the nine months of 2012 compared to the same period of last year (2011) is improvement in the profit margins.
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.