SIIG ANNOUNCES THE COMMERCIAL STARTUP OF ITS SUBSIDIARY'S PROJECT, THE NATIONAL PETROCHEMICAL COMPANY (PETROCHEM)

In reference to The Saudi Industrial Investment Group (SIIG) previous announcement, on 23/6/2012 at Tadawuls website, regarding the startup of Petrochem project, the Saudi Polymers Company, SIIG announces that as of October 1st 2012, the project has started it's commercial operations. Saudi Polymers Company is owned 65% by Petrochem and 35% by Arabian Chevron Phillips Petrochemical Company Limited. Whereas SIIG owns 50% of Petrochem.
This commercial operations will be reflected in SIIGs financials starting from the 4thquarter 2012.
The Project is built on a total land area of 1.1 million square meters in Al-Jubail Industrial City, the site produces the following products:
(1.16) Million Tons of Ethylene, (1.1) Million Tons of Polyethylene (HDPE and LDLPE), (400) Thousand Tons of Polypropylene, (430) Thousand Tons of Propylene, (200) Thousand Tons of Polystyrene, and (100) Thousand Tons of 1-Hexene.