SAFCO Approves SR1.250 Billion Cash Dividends for Shareholders 2 Riyadh

A latest press release issued by SABIC disclosed the following
preliminary financial results of SAFCO:

- Net profit in the second quarter amounted to SR 480 million,
compared to SR 1.191 billion for the corresponding quarter of the
previous year, a decrease of 60 percent, and SR 525 million for the
first quarter of 2009, a decrease of 9 percent.

- Total profit in the second quarter was SR 453 million, compared to
SR 1.102 billion for the corresponding quarter of the previous year,
a decline of 59 percent.

- Operating profits in the second quarter amounted to SR 438
million, compared to SR 1.069 billion for the corresponding quarter
of the previous year, a decline of 59 percent.

- Net profit during the 6 months amounted to SR 1.005 billion,
compared to SR 1.914 billion the previous year, a decline of 47
percent.

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