2120 · 21/04/2012 08:44:51 · Announcement #25436 · View on Saudi Exchange

Saudi Advanced Industries Company (SAIC) announces the interim financial results for the period ending 31/3/2012 (Three Months):

Saudi Advanced Industries Company (SAIC) announces the interim financial results for the period ending 31/3/2012 (Three Months):

1.Realized net loss (3,204,401) the 1st Q2012 compared to Net Profits of SR 172,808 for the 1st Q2011 and compared to Realized Net Profits of SR 5,701,357 for the previous quarter.

2. Realized Total loss of SR (1,552,782) for the 1st Q2012 compared to Total Profits of SR 1,115,706 for the 1st Q2011.

3. Realized Operating Loss of SR (2,579,362) compared to operating profits of SR 280,453 for the 1st Q2011.

4.The loss per share for the 3 months period was SR (0.07) compared to profit per share of SR 0.004 for the same period in 2011

5. The reason for losses during the 1st Q2012, is due to no dividend distribution from investees in the 1st Q2012 and the decrease in earnings from NPS Bahrain and losses from Obeikan Glass company.

6. Certain of the prior period figures have been re-classified to confirm with the current period's presentation.

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.