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Addendum Announcement Asharqiyah Development Co Related to its Interim Financial Results Ending 30-6-2017 (Six Months)

SHARQIYAH DEV 6060 0.00% 15.82 0.00

Further to the announcement published on Tadawul's website on 17-08-2017 related to the Interim Financial Statements Ending 30-6-2017 (Six Months) Asharqiyah Development Co. announces addendum as the reasons for the increase in losses are attributed to the poor health of cattle herds due to the lack of optimal nutrition resources, which led to the cessation of milk production, which affected the decline in total revenues. In addition, the Company used to sell quantities of the herd according to the market value which is less than the book value which led to a sale loss. As for the agricultural sector, it suffered losses due to the allocation of quantities of agricultural production (green feeds) in order to feed the cow herd instead of selling them externally for profits.It should be noted that the rate of increase in total comprehensive losses is 94.8% and not 48% as published in the same announcement under Other Notes section.

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