Savola Group — Capital/Financing Update 2012

Jan 17, 2012

The Savola Groups announces its Financial Forecast for the Fiscal Year ending 31st December, 2012

2050 · 17/01/2012 19:13:30 · Announcement #23678 · View on Saudi Exchange

The Savola Groups announces its Financial Forecast for the Fiscal Year ending 31st December, 2012

In line with the Groups policy of enhancing its disclosures and transparency with its shareholders, investors in the capital market, the Group would like to announce its financial projection for the year ending 2012, in this regard Dr. Abdulraouf Mannaa, the Group Managing Director declared that the Group is expected to achieve a SR 1.2 Billion net income (before capital gain) and for the 1st quarter of 2012 net income (before capital gain) is expected to reach SR 220Million InshaAllah.

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.