Al kathiri Holding Co. Announces the Impact of the Latest Decisions Released to Control Coronavirus Outbreak (COVID-19)
| Element List | Explanation |
|---|---|
| Announcement Detail | A reference to the SAMA’S PRIVATE SECTOR FINANCING SUPPORT PROGRAM and enabling it to play its role in promoting economic growth to support the state's efforts to combat the Corona Virus (COVID-19) and mitigate its expected financial and economic impacts, especially on the small and medium enterprises sector, Al Kathiri Holding Co, as a medium-sized company, obtained the approval of the authorities The lender (banks and finance companies) postpone the payment of their dues for a period of six months.
In addition, the company's management works with the relevant authorities to identify other support mechanisms. With reference to the additional decisions issued by the government of the Kingdom of Saudi Arabia to limit the spread of the Corona virus emerging (COVID-19), which requires the imposition of a complete curfew in some cities of the Kingdom, Al Kathiri Holding Company announces that it is committed to implementing what was stipulated in the recent decisions by the relevant authorities Regarding the application of the total curfew, and it suspended the work of the ready-made concrete sector until further notice, and in the absence of any details regarding the period of suspension of the ready-made concrete sector, it is difficult for the company to determine the financial impact of the decisions issued by the relevant authorities. the company shall announce any material developments in the future if needed. |
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