2120 · 17/07/2011 10:17:55 · Announcement #22268 · View on Saudi Exchange

Correctional Of Saudi Advanced Industries Company (SAIC) announcement of the interim financial results for the period ending 30/6/2011 (Six Months):

Reference to Saudi Advanced Industries Company (SAIC) announcement of the interim financial results for the period ending 30/6/2011 (Six Months) and correction of paragraph No.7 : Realized Operating Profit of SR 4,679,728 for the 6 months period in 2011 compared to operating profit of SR 9,364,001 for the same period in 2010 with reduction of 50%. And the correct is : Realized Operating Profit of SR 4,670,794 for the 6 months period in 2011 compared to operating profit of SR 9,263,265 for the same period in 2010 with reduction of 49.58%. The reason for decrease during the 2nd Q2011 and 6 months period in 2011, as compared to the 2nd Q 2011 and the same period in 2010 is due losses of SR 2,609,158 from Obeikan Glass Company (one of SAIC Investees) according to start trial operating and increase in cost.

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