Further to the announcement published on Tadawul website on 29-12-2015 regarding the financial impact of the revision to Power Products Prices, Saudi Cable Company announces to its shareholders and investors that the revision in the prices will have an impact of approximately 3% in production costs based on current market conditions, and will be reflected in the financial results for the year 2016. The Saudi Cable Company will continue its efforts to improve operational efficiency and implement cost reduction programs to reduce this impact on the profitability of the company.
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.