Knowledge Economic City announced consolidated earnings results for the second quarter and six months ended June 30, 2012. For the quarter, the company reported net loss amounted to SAR 0.776 million, compared to SAR 9.2 million for the corresponding quarter of the previous year, a 91.6% decrease and compared to SAR 8.3 million for the previous quarter, a 90.7% decrease. Operating loss amounted to SAR 9.4 million compared to SAR 12.7 million for the corresponding quarter of the previous year, a 25.9% decrease. For the six months, the company net loss amounted to SAR 9.1 million compared to a net profit amounting to SAR 10.9 million for the corresponding period of the previous year. Loss per share amounted to SAR 0.027 compared to a profit per share amounting to SAR 0.032 for the corresponding period of the previous year. Operating loss amounted to SAR 17.9 million compared to an operating profit amounting to SAR 6 million for the corresponding period of the previous year.

Knowledge Economic City announced appointing Eng. Ali bin Othman Al Zaid as a member in the Board of Directors.

Knowledge Economic City Presents at Smart Cities World MENA, Jun-04-2012 03:00 PM. Venue: The Ritz-Carlton, Dubai International Financial Centre, Dubai, United Arab Emirates. Speakers: Mohammed Shah, VP Technology Infrastructure & Services.