JEDDAH, 26 July 2005 — Saudi Basic Industries Corporation (SABIC) clarified yesterday that its agreement with Lujain Company is only for marketing 200,000 metric tons annually of its polypropylene production and not joining it in its capital or investing SR420 million in its factory. This comes in response to a report published at Al-Riyad newspaper yesterday quoting Lujain’s CEO that SABIC is investing 15 percent, equivalent to SR421 million, in the cost of the polypropylene factory Lujain is now establishing in Yanbu Industrial City.