Alujain Corp. — Earnings Release 2006

Feb 27, 2007

Alujain Corporation announces its financial results for 2006.

2170 · 27/02/2007 15:48:02 · Announcement #10288 · View on Saudi Exchange

Alujain Corporation announces its financial results for 2006.

Alujain?s audited financial statements for the year ending 31 December 2006 showed a net profit of SR 350,157 against a net profit of SR 3,297,989 for the same period in 2005. This represents an 89% decrease in net profit which is mainly due to a decrease in income from Murabaha Funds.

The net profit per share for 2006 is SR0.01 compared to SR0.05 profit for 2005. It has to be noted that the Company has no income generating projects as the Propylene/Polypropylene project under construction is expected to commence production in late 2007.

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.