The Saudi Hotels & Resorts Company (Sharaco) announces its semi-annual financial results
of operation for the period ended 30/06/2009

Sharaco announces its initial financial results of operation for the six months period 01/01/2009 to 30/06/2009 as follows:

1. The net profit during the 2nd quarter of 2009 reached SR 318 million representing an increase of 992.1% compared with SR 29.1 million for the same quarter in the previous year and 1028.3% increase against SR 28.2 million for the previous quarter.
2. The gross profit during the 2nd quarter reached SR 323.5 million representing an increase of 874.5% against SR 33.2 million for the same quarter of the previous year.
3. The 2nd quarter operating profit reached SR 318.3 million representing an increase of 1019% increase against SR28.4 million for the same quarter of the previous year.
4. The semi-annual net profit reached SR 346.2 million representing an increase of 519.8% against SR 55.9 million for the same period of the previous year.
5. The share dividend during the six months period reached SR 5.02 against SR 0.81 for the same period of the previous year.
6. The gross profit during the six months period reached SR356.5 million representing an increase of 452.2% against SR64.6 million for the same period of the previous year.
7. The operating profit during the six months reached SR345.7 million representing an increase of 532% against SR54.7 million for the same period of the previous year.
8. Sharaco would like to announce that the increase in the net profit in the 2nd quarter is attributed to its share of ownership in Al Khaleej Village (as announced earlier) where the sales net profit reached SR 291,637,142.