Page 54 - 2016-R0

We have audited the accompanying consolidated financial statements of Mohammed AI
Ali AI Swailem Company for Trading & Contracting (the "Company") and its subsidiaries
(collectively referred to as the "Group") which comprise the consolidated balance sheet as at 31

December 2016 and the related consolidated statements of income, cash flows and changes in
equity for the year then ended and the attached notes (1) through (30) which form an integral part

of these consolidated facial statements.

Management's responsibility for the consolidated financial statements

Management is responsible for the preparation and fair presentation of these consolidated
financial statements in accordance with generally accepted accounting standards in the Kingdom
of Saudi Arabia and in compliance with the Regulations for Companies and the Company's

bylaws and for such internal control as management determines is necessary to enable the
preparation of consolidated financial statements that are free from material misstatement,

whether due to fraud or error, Management has provided us with all the information and
explanations that we require relating to our audit of these consolidated financial statements.

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