Saudi Cement Co. — Capital/Financing Update 2012

Feb 15, 2012

Saudi Cement Company announces sale of clinker to Qassim Cement Company

3030 · 15/02/2012 15:44:15 · Announcement #24101 · View on Saudi Exchange

Saudi Cement Company announces sale of clinker to Qassim Cement Company

Further to the Companys announcement on 04/02/2012 (12/03/1433) about commencement of negotiation for sale of clinker, Saudi Cement Company hereby announces that it has reached agreement Wednesday 15/02/2012 ( 23/03/1433) to sell two hundred (200) thousand tons of clinker to Qassim Cement company so that the latter grinds & pack the resulting cement in bags to meet the rising demand for cement bags by citizens in the Western Region, and in support of the directions of the Ministry of Commerce & Industry. This agreement shall remain valid till 31/12/2012, and hence its financial impact shall fall on year 2012 after noting that its revenues shall be less than 5% of the total expected revenues for 2012.

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.