SADAFCO RENEWS SAR 150M MURABAHA DEPOSIT AT UGB

The Board of Directors of Saudia Dairy and Foodstuff Company (SADAFCO) have decided in their meeting held today, Tuesday 20/03/2012, to renew the existing Murabaha deposit of 150 million Saudi Riyals maturing on 29 March 2012, with United Gulf Bank in the Kingdom of Bahrain (related party), in order to maximize the return on its surplus cash. The new Murabaha deposits to be placed on 30th March 2012 will mature as follows: 75 million Saudi Riyals at 3% per annum on 9th July 2012 and the balance of 75 million Saudi Riyals at 3% per annum on 27th March 2013. The Murabaha deposit will be reviewed in the Agenda of the next general assembly meeting for the company on a date to be determined and announced later