The National Company for Glass Industries announces an update regarding adding a sixth line to produce glass containers with a production capacity of approximately 25,000 tons annually.
| Element List | Explanation |
|---|---|
| Introduction | With reference to the announcement of The National Company for Glass Industries “Zoujaj” published on the Financial Market website (Saudi Tadawul) on 04/28/1445, corresponding to 11/12/2023, regarding the approval of the Board of Directors of The National Company for Glass Industries “Zoujaj” to add a sixth line to produce glass containers with a productivity of 25,000 tons annually.
The company would like to announce to shareholders the latest developments in the project. |
| Previous Announcement | The National Company for Glass Industries, "Zoujaj,” announces the approval of the company’s Board of Directors to add a sixth line to produce glass containers with a production capacity of approximately 25,000 tons annually. |
| Date of Previous Announcement on Saudi Exchange’s Website | 2023-11-12 Corresponding to 1445-04-28 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | The cost of the project amounted to SAR 46.6 million, The expected completion date of the project will be December 2024, The expected financial impact will begin in the first quarter of 2025 through an increase in net annual income of about SAR 10 million. |
| Reasons For The Delay on The Date of The Event Previously Announced | Not applicable. |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | Not applicable. |
| Delay consequences on the Company’s financial results | Not applicable. |
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