Savola Group — Capital/Financing Update 2011

Jan 17, 2011

Savola Announces its Forecasts for the Fiscal Year Ending 31 December, 2011

2050 · 17/01/2011 16:06:00 · Announcement #19932 · View on Saudi Exchange

Savola Announces its Forecasts for the Fiscal Year Ending 31 December, 2011

In line with the Groups direction to enhance its disclosures and transparency of results with its entire shareholders, investors and other stakeholders, Dr. Abdulraouf Mannaa, Managing Director would like to announce that the Groups net income forecast (before capital gain) for the year 2011 is expected to reach SR 1 Billion. He would like to mention that, InshaAllah, this will be the first time in the history of the Group that SR 1 billion net income from core operations and strategic investments in KSA and overseas will be achieved. Also, he mentioned that the Groups net income forecast (before capital gain) for the 1st quarter ending 31st March, 2011 is expected to reach SR 160 million, InshaAllah.

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