Yanbu National Petrochemical Company (Yansab) announces the preliminary financial results for the period ending June 30, 2009:-

1. Realized net loss of (SR 6.7) Million for the 2nd QTR 2009 compared to net loss of (SR 6.2) Million for the 2nd QTR 2008 higher by 8% and net loss of (SR 8.2) Million for the 1st QTR 2009 lower by 19%.

2. Realized net loss of (SR 14.9) Million for the 6 Months ending June 30, 2009 compared to net loss of (SR 13.1) Million for the same period in 2008 higher by 14%.

3. The per share loss for the 6 Months ending June 30, 2009 was (SR 0.026) compared to per share loss of (SR 0.023) for the same period in 2008.

4. Increase in losses during the 2nd QTR 2009 is due to increase in some of General and Administrative expenses items.

Yansab still in the pre operating stage (during the announcement period) and realizing loss is the norm for such a stage as all the gains or losses during this stage are classified as none operational.