SAFCO Approves SR1.250 Billion Cash Dividends for Shareholders 3 Riyadh

- Earnings per share during the 6 months reached SR 4.02, compared to
SR 7.66 in the previous year.

- Total profit over the 6 months was SR 909 million, compared to SR
1.753 billion the previous year, a decline of 48 percent.

- Operating profit during the 6 months amounted to SR 875 million,
compared to SR 1.690 billion in the previous year, a decline of 48
percent.

- The decline in profits in the 2Q2009 as against the profits in the
2Q2008 and the 1Q2009 is due to low world prices. Income and
expenses of discontinued operations in Dammam for 2008 have been
separated under an independent item within the statement of income
for comparison purpose as required by the ‘presentation and
disclosure’ standards.

--SPA