Savola Group — Capital/Financing Update 2014

Jan 20, 2014

THE SAVOLA GROUP ANNOUNCES ITS FINANCIAL FORECAST FOR THE FISCAL YEAR ENDING 31ST DECEMBER, 2014

2050 · 20/01/2014 08:55:07 · Announcement #32996 · View on Saudi Exchange

THE SAVOLA GROUP ANNOUNCES ITS FINANCIAL FORECAST FOR THE FISCAL YEAR ENDING 31ST DECEMBER, 2014

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 2014, in this regard Dr. Abdulraouf Mannaa, the Group CEO & Managing Director declared that the Group is expected to achieve a SAR 1.8 Billion (before capital gain) for the year 2014 and forecast net income (before capital gain) for the 1st quarter of 2014 is expected to reach SAR 310 Million 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.