Alujain Corp. — Capital/Financing Update 2015

Dec 30, 2015

Alujain announces the effect of increasing the energy and electricity tariff rates

2170 · 30/12/2015 07:54:51 · Announcement #40567 · View on Saudi Exchange

Alujain announces the effect of increasing the energy and electricity tariff rates

A reference to the Council of Ministers' decision issued on Monday, 17/3/1437 H corresponding to 28/12/2015 AD concerning the increase of energy and electricity tariff prices, Alujain would like to inform its shareholders and investors that the expected financial impact for such an increase will be between 10 to 40 Million SAR. However the actual financial impact will be determined based on oil and Propane prices.

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.