Saudi Cement sells clinker to Qassim Cement

Further to the Company’s announcement on 04/02/2012 (12/03/1433) about commencement of negotiation for sale of clinker, Saudi Cement Company hereby announces that it has reached agreement Wednesday 15/02/2012 ( 23/03/1433) to sell two hundred (200) thousand tons of clinker to Qassim Cement company so that the latter grinds & pack the resulting cement in bags to meet the rising demand for cement bags by citizens in the Western Region, and in support of the directions of the Ministry of Commerce & Industry. This agreement shall remain valid till 31/12/2012, and hence its financial impact shall fall on year 2012 after noting that its revenues shall be less than 5% of the total expected revenues for 2012.