Takween Advanced Industries Co. — Capital/Financing Update 2014

Jan 13, 2014

Takween announces the opening of investment portfolio

1201 · 13/01/2014 15:42:33 · Announcement #32837 · View on Saudi Exchange

Takween announces the opening of investment portfolio

Takween announces the approval of its investment committee, based on its authority granted by the Board of directors, on the opening of investment portfolio as of January 13, 2014 with a value of 30 million SAR for the purpose of diversifying its income sources.

The portfolio will be managed by the Saudi Fransi Bank in accordance with the standard agreement as per CMA requirements (DPM).

This investment will be recorded as a trading investment and will be recorded based on its fair value with recognition of any unrealized holding gains or losses on the income statement as per the SOCPA standard. The impact will be reflected on the income statement at the end of each accounting period.

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.