The accompanying interim condensed financial statements for the six month period ended 30 June 2016 are prepared in accordance with international accounting standard (IAS 34) – interim financial reporting.
The accompanying interim condensed financial statements do not include all the information and disclosures required in the annual financial statements and should be read in conjunction with the Company’s annual financial statements for the year ended 31 December 2015.
These financial statements are not in accordance with generally accepted accounting standards in the Kingdom of Saudi Arabia issued by SOCPA, (hereinafter referred as “the SOCPA standards”).
In management’s opinion, the interim condensed financial statements reflect all adjustments (which include normal recurring adjustments) necessary to present fairly the results of operations for the interim periods presented. The interim results may not be indicative of the Company’s annual results.