Alujain Corp. — Capital/Financing Update 2012

Sep 29, 2012

Alujains subsidiary NATPET signs SR.974 million Islamic Bridging Facility Agreement.

2170 · 29/09/2012 10:25:15 · Announcement #27083 · View on Saudi Exchange

Alujains subsidiary NATPET signs SR.974 million Islamic Bridging Facility Agreement.

Alujain Corporation announces that on 10 DhullQada 1433H corresponding to 26 September 2012 its affiliate National Petrochemical Industrial Company (NATPET) signed an Islamic Bridging Facility Agreement for SR.974 million with Banque Saudi Fransi and SAMBA Financial Group. The proceeds of this Facility will be used to fully prepay the remaining balance of SR.854 million of its Existing Term Loan and use SR.120 million for working capital needs and equity investments in the previously announced downstream projects (TADAWUL announcements on 1/2/2011 & 10/6/2012).

This bridge facility is convertible for a long term facility by mutual agreement between NATPET and its lenders, in a maximum period of nine months, thus offering the company lower cost of funds than its existing facility and the benefit of better terms for its future financing requirements .

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.