TAKWEEN OPENS SAR 30 MILLION 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.