CERTIFICATIONS & AWARDS

ELEMENT LIST	CURRENT QUARTER	SIMILAR QUARTER FOR PREVIOUS YEAR	%CHANGE	PREVIOUS QUARTER	% CHANGE
Sales/Revenue	59,532	102,457	-41.895	106,608	-44.158
Gross Profit (Loss)	-17,305	-8,996	92.363	-12,449	39.007
Operational Profit (Loss)	-37,947	-26,685	42.203	-21,601	75.672
Net Profit (Loss) after Zakat and Tax	-43,197	-32,095	34.591	12,375	–
Total Comprehensive Income	-47,054	-30,416	54.701	4,854	–
All figures are in (Thousands) Saudi Arabia, Riyals

ELEMENT LIST	CURRENT PERIOD	SIMILAR PERIOD FOR PREVIOUS YEAR	%CHANGE
Total Share Holders Equity (after Deducting Minority Equity)	294,711	130,923	125.102
Profit (Loss) per Share	-1.2	-2.9
All figures are in (Thousands) Saudi Arabia, Riyals

	ACCUMULATED LOSSES	CAPITAL	PERCENTAGE %
	-50,606	360,614	-14.03
All figures are in (Thousands) Saudi Arabia, Riyals

ELEMENT LIST	EXPLANATION
Increase (Decrease) in Net Profit for Current Quarter Compared to the Same Quarter of the Previous Year is Attributed to	The Group made a net loss of SR 43.2 million as compared to the net loss of SR 32.1 million in the same quarter of the previous year and the change in net losses of the current quarter compared with net loss of the same quarter of the previous year are mainly due to following impacts:• Lower volumes in current quarter as compared to same quarter of previous year due to severe working capital constraints, resulting in heavy unutilized capacity and thereby unrecovered fixed costs.• Increased expenses as a result of the capital raise in current quarter as compared to same quarter of the previous year.• Increase in share of losses from associates in current quarter, which was almost breakeven in same quarter of the previous year.
Increase (Decrease) in Net Profit for Current Quarter Compared to the Previous Quarter is Attributed to	The Group made a net loss of SR 43.2 million as compared to the net profit of SR 12.4 million in the previous quarter and the change in net losses of the current quarter compared with net profit of the previous quarter are mainly due to following impacts:• Lower volumes in current quarter as compared to previous quarter due to severe working capital constraints, resulting in heavy unutilized capacity and thereby unrecovered fixed costs.• Increases in operating expenses as a result of the capital raise and increased finance cost in current quarter as compared to previous quarter.• Non inclusion of one-off favorable adjustments such as zakat settlement waiver and derecognition of unclaimed liabilities.• Increase in share of losses from associates in current quarter, as compared to share of profit in the previous quarter.
Basis of the External Auditor’s Opinion	Qualified opinion
Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion	Emphasis of MatterWe draw attention to note in (14) to the consolidated financial statements, stating that during the year 2020, the Company has finalized it’s capital increase procedures by way of rights issue of SAR 250 million, where proceeds were deposited to the Company on February 20, 2020. After fulfilling all regulatory requirements, the Company’s share capital has increased to SAR 360,614,060 consisting of 36,061,406 shares.Other MatterAs of December 31, 2019, the Group’s current liabilities exceeded its current assets by SAR 187.1 million, which indicates that the Group is unable to meet its short-term liabilities when it becomes due. However, as of March 31, 2020, the Group’s current assets exceeded its current liabilities by SR 16.8 million.
Reclassification of Comparison Items	None
Additional Information	Earnings per share for the period ended 31 March 2020 and for the period ended 31 March 2019 were calculated by dividing the loss from operations and net loss for each period by the weighted average number of shares outstanding during the period.Subsequent to the period ended March 31, 2020, the Group signed a financial restructuring agreement with Al Rajhi Bank, it’s last commercial lender. The said agreement, dated June 1, 2020 was to further restructure outstanding debt of SR 264.18 million over 2 tranches due collectively over 7 years with early periods being grace. Rescheduled facilities were secured by signed promissory notes.

Tadawul Weblink:
https://www.tadawul.com.sa/wps/portal/tadawul/home/announcement-details/!ut/p/z1/pZJNc4IwEIZ_iwfPuwTwozcMESwSByUWcnGC9WtGgbHYjv31jdqD2koPzS2T59nsvrMgIQGZq_fNSlWbIldbfU9la8b9IfWxQwKMeR-daDqivZAFImjByxkghHaMroVDHLYNdFoeDqLQMjEyQV77HotN_eyGdMwHBBHvfW_A2_oDx5_2pxrtkP_5aN36j_rHB8fBv_xU–0rQIiubtCkUeTaBD0bJiBBvi3Ufr6ODov9EVJiGKe-5V1pn7jaZEHgUm327G-gLtpb4JfsaoFTOGegbvr6CjY8g1xti-yyKuuqKp-a2MRKvaqPw7apC8yLXany4-S4ywoNnYd_gKo8p6qCxICJ2v9I9jZ6Qi7JOpyPBKcsZDyecRH22BhSu6sDgnInhEg-42XJxmwZVnZmqdRpNL4AC0Ggwg!!/dz/d5/L0lHSkovd0RNQURrQUVnQSEhLzROVkUvZW4!/

ELEMENT LIST	EXPLANATION
Date of Signing the Credit Facility Rescheduling	2020-06-01 Corresponding to 1441-10-09
Financier	RAJHI
Reasons for rescheduling	Loan overdue unsettled
Credit facility Amount and Rescheduled Amount	264,176,483 SAR
Financing Duration, before and after Rescheduling	For SAR 58,300,000 : 2 years with 6 months grace,For SAR 205,876,483 : 4 years extendable to 5 years if 58,300,000/ are settled within 2 years
Guarantees Provided for the Rescheduled Credit Facility	signed Promissory Note
Related Parties	–

1. For the safety of the Employees of the Company, we have provided all the necessary medical supplies at all SCC offices and plants to avoid any infections.
2. Employees of age 55 years and above have been granted special leave.
3. All the gates of SCC camps were closed and the employees will remain at the residence and guests were not allowed and all the necessary items were procured to them on daily basis.
4. Alternate work system is used for 50%  of the employees (Day on and day off).
5. Remote office system is also used and activated for those who is not necessary to be on the office. 

Saudi Cable Company participated in Middle East Electricity – MEE Dubai 2020 Exhibition at Dubai World Trade Center, UAE for the period from 3-5 March 2020, and we are being honored by the visit of many customers and  VIP officials and the Exhibition have got the appreciation of all visitors …SCC will always connect people, connect Power and Connect the world …

Element list

Explanation

Announcement details

Saudi Cable Company announces Approval of the Decision issued by Zakat and Tax Disputes Resolution Committee of the General Authority of Zakat and Income on the settlement of Zakat claims for the Financial Years from 2005 to end of the Financial Year 2012, which was mentioned in the Annual Financial Report against payment an amount of (65,758,176) Riyal. Saudi Cable Company would like to confirm that the Resolution will result into a change in Shareholders Equity, and it will increase by an amount of (32,789,821) Riyal. The company will disclose the amount due on it later in the Financial Statements.

Element list	Explanation
Introduction	Saudi Cable Company Announces the Results of the Remaining Offering and Allotment of Rights Issue, whereas, the coverage rate at the end of the remaining offering period has reached 357%.
Number of Sold Shares	10559807
Total Proceeds of Selling Unsubscribed Shares	136,099,295  Saudi Riyal.
Average Price of Sold Shares	13.04 Saudi Riyal per Share
Net Compensation for Right Issues and Fraction Shares Owners	30,501,225 Saudi Riyal.
Date of Depositing the Shares into Shareholders Accounts	11/06/1441, corresponding to 05/02/2020

Element list	Explanation
Introduction	Saudi Cable Company Announces the Results of Rights Issue Trading and New Shares Subscription, and the details of Selling Unsubscribed Shares.
Total number of subscribed shares from the total number of new offered shares	The total subscribed shares number of (14,440,193) share from the total new offered shares number of (25,000,000) share.
Value of the subscribed shares	(144,401,930) Saudi Riyal
Coverage Percentage	57.76%
The remaining offering mechanism	The remaining shares will be offered to a number of investors of institutional character, provided that these Subscribers must submitting offers to buy the remaining shares, and the remaining shares will be allotted to investment institutions through giving priority to the higher price offer and then the lowest and lowest (provided that it does not fall below the offering price), whereas, shares are allotted on pro rata basis to the investment institutions that provide the same offer. And in the event that the shares are unsubscribed by the investment institutions, then these shares shall be allotted to the Underwriter who will buy it under the offering price.
The start date of the remaining offering	26/05/1441, corresponding to 21/01/2020
End date of the remaining offering	27/05/1441, corresponding to 22/01/2020
Specify the hours for the remaining offering	The offering period for the remaining unsubscribed shares, number of (10,559,807) share, starts on Tuesday, 26/05/1441 (corresponding to 21/01/2020) at 10:00 am, and will end up on Wednesday, 27/05/1441 (corresponding to 22/01/2020) at 05:00pm.

Element list	Explanation
Date of publishing the previous Announcement sought to be corrected on Tadawul’s Website	18/05/1441, corresponding to 13/01/2020
The Incorrect statements in the previous announcement	The right for nomination is available for all and doesn’t restrict on Shareholders.
The Correct Statements	Each Shareholder has the right to be a nominee himself or to nominate other person or more for the Board Membership.