SIIG’s Net Profit Falls 12 Percent

RIYADH, 10 October 2005 — Saudi Industrial Investment Group said its nine-month net profit fell nearly 12 percent to SR339 million ($90.4 million) compared to the same period last year. The group, which invests mainly in petrochemical projects, gave no reason for the drop in profits. In July the company reported first half profits up 16 percent compared to the first six months of 2004.