Saudi Kayan announces the interim financial results for the period ending at 30/09/2011:

1.Realized net loss for the third quarter ended September 30, 2011 amounted to SR (35.16) million, as compared to net loss of SR( (5.07 million for the same quarter in 2010, increased in net loss by 593.5 %, and compared to net loss of SR ((16.01 million for the preceding quarter, increased in net loss by of 119.6%.

2.Net loss during the 9 months amounted to SR (59.50) million compared to net loss amounted to SR (10.63) million for the same period of the previous year, an increase of 459.7%.

3.Loss per share during the 9 months amounted to SR (0.039) as compared to loss per share of SR (0.007) for the same period last year.

4.Increase in Loss during third quarter compared with the corresponding period of last year and previous quarter was due to the increase in Zakat provision. The company was in the pre-commercial operation during third quarter as all profit and loss are non-operating. And according to the accounting standards, Net-off of Sales and Cost of Sales are off-set against the project costs.

As stated by Mutlaq Al-Morished Chairman of the Board & EVP Finance (SABIC), Adding that the company has already started commercial operation from October 1, 2011 and operational financial results will be reflected in Q4 this year 2011.