SAMAPCO GOES ON STREAM IN Q2 OF 2014

03/02/2014 Argaam

Further to the Companys announcement on 04/08/2013G corresponding to 27/09/1434H related to the operation and production of Sahara and Maaden Petrochemical Company (SAMAPCO).
Maaden announces that on Thursday 30th of Jan. 2014 (SAMAPCO) has completed the Performance Test of running the plant at full capacity for 72 hours continuously. The test was performed by the team representing the Company, financial institutions represented by license technology and technical advisors, as well as representatives of the main projects contractor. The project is expected to start the commercial operation by the second quarter of 2014.
Please note that there is no material financial impact before the starting of the commercial operation.
Any additional information will be announce in due time.
SAMAPCO is a limited liability company, jointly owned 50:50 by Maaden and Sahara. 

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