JEDDAH, 18 July 2006 — The National Company for Cooperative Insurance (NCCI) announced a net profit of SR262 million for the first half of 2006, compared with SR167 million for the same period last year. This was an increase of 57 percent from last year. The profit per share increased from SR3.35 in 2005 to SR5.25 this year.

ZIIC Net Profit Up 83.2 Percent

DAMMAM, 18 July 2006 — Zamil Industrial Investment Company (ZIIC), the international manufacturing and fabrication group, has announced a net profit after Zakat of SR96.9 million ($25.9 million) for the first half of this year, an increase of 83.2 percent over the same period in 2005. Total turnover for the first half of this year was SR1.34 billion ($356 million), an increase of SR143 million ($38.2 million), representing a 12 percent growth over the same period in 2005.

NCGI Announces SR64.8m in Gains

RIYADH, 18 July 2006 — The National Co. for Glass Industries (NCGI) announced SR64.8 million in profit for the first half of 2006 compared with SR54.8 million for the same period last year. This was an increase of 18 percent compared to 2005. Share-profits increased from SR2.74 to SR3.24 per share.

Sahara’s Profit Soars to SR69m

RIYADH, 18 July 2006 — The Sahara Petrochemical Co. announced that profits for the second quarter of 2006 had reached SR69 million compared to SR21.5 million for the same period last year. The 2006 half-year profit was SR150.7 million.

Al-Ahsa Profit Falls in First Half

AL-AHSA, 18 July 2006 — Al-Ahsa Development Co. announced a net profit of SR61.9 million for the first half of 2006, compared with SR63.9 million for the same period last year. The total net profit for the second quarter of 2006 reached SR31.7 million, which is an increase of 5 percent for the first quarter of the year.

GIB Net Income Up 16 Percent

MANAMA, 18 July 2006 — Gulf International Bank (GIB) reported consolidated net income after tax of $131.6 million for the six months ended June 30, 2006, representing an $18.1 million or 16 percent increase over the same period last year. Net interest income at $95.0 million was $6.0 million or 7 percent up on the same period last year.