Savola Group Company reported earnings results for the first quarter ended March 31, 2013. For the quarter, the company has posted a net income of SR 295.2 million, an increase of 21.8% compared to SR 242.3 million reported for the same quarter last year whereas the gross profit amounted to SAR 1.36 billion, an increase of 36.5% compared to SAR 996 million for the same quarter last year. The operating profit amounted to SAR 711.3 million, an increase of 62% compared to SAR 438.9 million reported for the same quarter last year. Also, the Earnings per share reached SAR 0.59 as compared to SAR 0.48 for the same period last year. The Savola Group's Board of Directors has approved on April 11, 2013, the distribution of SAR 250 million, (SAR 0.50 per share) as dividends for the first quarter of 2013, which represents 5% of the company's nominal share value. The maturity date for the first quarter of 2013 dividends will be for all shareholders registered in the company's books at the end of trading day on April 17, 2013. The dividend payments will be processed on April 30, 2013.

Savola Group Company at its Extraordinary Shareholders' General Assembly Meeting (EGM) held on March 16, 2013, its share holders approved the Board of Directors' recommendation to distribute cash dividends for the fourth quarter of the year 2012 amounting to SAR 250 million, in addition to the ratification of the total dividends already distributed to the shareholders for the first three quarters of the year 2012 amounted to SAR 450 million making the total cash dividends (paid and to be paid) to reach SAR 700 million. The maturity date for the fourth-quarter 2012 cash dividends will be distributed to shareholders registered in the company books at the close of trading on the date of the General Assembly Meeting on 16th March 2013. It was agreed that the company will start distributing fourth quarter dividends on March 30th, 2013. The EGM approved the Board's recommendation to amend item (K) of Article (3) (The Company's Objectives) in the company's articles of association, by adding the word "sell" to be read as follows: "To purchase & sell land, real estate and factories required for the realization of the Company's objectives." Furthermore, the EGM elected the Board of Directors for the new office term, to commence from 1st July 2013, for a period of three years, comprising 11 members according to the Company's Articles of Association. The following names have been selected (unanimously) from 14 candidates. They are Mr. Suliaman A. Al-Muhaidib, Mr. Mohammed Abdulgadir Alfadl, Mr. Fahad A. Al Qassim, Mr. Issam Abdulgader Al Muhaidib, Mr. Badr Abdullah Al-Issa, Mr. Abdulkareem Asaad Aboulnasr and Mr. Ameen M. Shaker.

Savola Group Company reported consolidated financial results for the fourth quarter and year ended December 31, 2012. For the quarter, the company achieved net income of SAR 413.4 million, decrease of 17% compared to same quarter last year SAR 498.6 million and increase of 2% compared to third quarter 2012 SAR 405.2 million. Operating profit amounted to SAR 792.2 million, increase of 32.3% compared to same quarter last year SAR 598.9 million. The decrease in the group net income is attributed mainly to the capital gain of SAR 153 million resulting from sale of two lands during fourth quarter of 2011. Net income for twelve months ended 31 Dec. 2012 amounted to SAR 1.4 billion, increase of 16.7% compared to last year SAR 1.2 billion. Earnings per share for the twelve months ended 31 Dec. 2012 were SAR 2.80, as compared to SAR 2.40 for last year. Operating profit for twelve months ended 31 Dec. 2012 amounted to SAR 2.45 billion, increase of 36.1% compared to last year SAR 1.80 billion. The increase in the group profit is attributed mainly to the good performance of overseas operations of Foods Sector and the continued growth of revenues, which reached SAR 27.4 billion compared to SAR 25.2 billion for the last year, increase market share in Retail Sector and capital gain of SAR 47 million from sale of Emaar Economic City shares.