Al-Ahsa Development closes aluminum project expenses

Al-Ahsa Development Company Announces in reference to the company announcement on Tadawul site on dated 26/08/2013 regarding the proposed Aluminum Foil project. Accordingly, the Board of Directors circulated resolution no. 386/2013 dated 10/09/2013, which was approved on 29/09/2013 to close all costs that has been spent on the proposed aluminum foil project in the financial statements for the fiscal year ending 31/12/2013, which may have impact on the financial statements in the fourth quarter.

The value of expenses that were paid on the aluminum project is 3199011. Real phrase for feasibility studies of SR 1821654 and land rents SR 664000 and capital increase fees SR 650000 and expenses Other SR 63357