Sahara Petrochemicals announces the interim financial results for the period ended 31 December 2011. (Twelve months) as follows:

1. Net profit during fourth quarter amounted to SR 5 million compared to SR 43.65 million for the same quarter last year with a decrease of 89% and compared to SR 97. 63 million for the previous quarter with a decrease of 95%.

2. Gross profit during fourth quarter amounted to SR 32.1 million and there were no profits attained for the same period last year as Al Waha Petrochemicals Companys plant, an affiliate of Sahara, was under experimental operation.

3. Operating profit during fourth quarter amounted to SR 8.88 million compared to a loss of SR 3.63 million for the same quarter last year.

4. Net profit during twelve months amounted to SR 411.5 million compared to SR 329.1 million for the same period last year with an increase of 25%

5. Earnings per share during twelve months amounted to SR 1.35 compared to SR 1.13 for the same period last year with an increase of 19%. The earnings per share has been adjusted retroactively to account for the effect of the capital increase from (2,925,300,000) Two Thousand and Nine Hundred Twenty Five Million and Three Thousand Saudi Riyals to (4,387,950,000) Four Thousand and Three Hundred Eighty Seven Million and Nine Hundred Fifty Thousand Saudi Riyals through rights issue offering which was approved by the 3rd Extraordinary general assembly meeting held on Tuesday 04/01/1433 H Corresponding 29/11/2011 G.

6. Gross profit during twelve months amounted to SR 240 million and there were no profits attained during the same period last year as Al Waha Petrochemicals Companys plant, an affiliate of Sahara, was under experimental operation.

7. Operating profit during twelve months amounted to SR 167.6 million compared to a loss of SR 11 million for the same period last year. (Continuous)

Regards,
Public Relations Department

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