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