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Saudi Ceramic Co. announces an update on establishment of a new factory for the production of porcelain tiles

Default Company 2040.O 0.00% 0.00 0.00
Element List Explanation
Previous Announcement Establishment of a new factory for the production of porcelain tiles
Date of Previous Announcement on Tadawul's Website 2021-08-19 Corresponding to 1443-01-11
Percentage of fulfilled achievement 40%
Event's Expected Completion Date The trial and commercial production is expected to start during the first quarter of the year 2024.
Reasons for Exceeding the Announced End Date The reasons for the delay in the project are,

1- Delays in legal procedures from the authorities.

2- Changes in delivery schedules of some machines and equipment due to external factors effecting some suppliers.

The costs associated with the event, and if they have changed or not with indication of the reasons. Because there has been no change in the scope of the project, there has been no change in costs associated with the project.
Impact of the Delay on the Company's Financial Results There will be no impact on the Company's financial results.

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