salmarai company 2013

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ALMARAI COMPANY

A SAUDI JOINT STOCK COMPANY

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2013

30. SUBSEQUENT EVENTS

In the opinion of the Management, there have been no significant subsequent events since the year end

except for the event mentioned below.

On 7 Rabi Al-Awal 1435 A.H. (8 January 2014), the Company has received regulatory approvals with respect

to the acquisition of shares in IPNC held by Mead Johnson (Refer Note 1) as a result of which IPNC has

become a wholly owned subsidiary of the Group subsequent to the approval date. Consequently, the

Company will consolidate IPNC in the next financial year.

31.

APPROVAL OF CONSOLIDATED FINANCIAL STATEMENTS

The consolidated financial statements were approved by the Board of Directors on 17 Rabi Al-Awal 1435

A.H. (19 January 2014).

salmarai company 2013

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