Halwani Brothers Company Announces its estimate Financial Results for the period ended 31/12/2012 (12 Months).

Halwani Bros achieved SR 25.4M net income in quarter four 2012 compared to SR 15.9M in the same quarter previous year with a growth of 59.7% and compared to SR 20.7M in quarter three 2012 with a growth of 22.7%.

Halwani Brothers Company signing the contract of the execution of all electrical and mechanical works in the second phase of the new indusrial city complex project.

Further to the companys announcement on August 16th 2011 that mentioned of the civil and steel structure work of the second phase of the new industrial complex with a total contract value of SR 110 m.

Halwani's Board of Directors recommends dividends distribution of SR 2 per share for the year 2012.

Halwani board of directors recommends dividends distribution of SR 2 per share with a total value of SR 57,142,860 for the year 2012 20% of the company capital.

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