National Environmental Recycling Co. Announces an update regarding the purchase of production lines valued (29.4) Million SAR
| Element List | Explanation |
|---|---|
| Introduction | With reference to the company’s announcement on Tadawul website dated 12/9/1446 AH (corresponding to 12/3/2025 AD) regarding the purchase and the supply of equipment of production line to its plant in Riyadh.
The Company is pleased to announce to its esteemed shareholders the completion of the installation and commissioning of the factory equipment, marking the start of full-scale operations, with production expected to gradually exceed 500,000 tons annually.
This development represents a new phase in the growth and expansion of the Tadweeer’s production operations, which will support the expansion of its business and strengthen its financial position, while Tadweeer continues to enhance its capabilities and expand in this field to keep pace with industry developments and meet the needs of both local and global markets. |
| Previous Announcement | National Environmental Recycling Co. "Tadweeer" Announces the purchase of production lines valued (29.4) Million SAR |
| Date of Previous Announcement on Saudi Exchange’s Website | 2025-03-12 Corresponding to 1446-09-12 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | The completion of the installation and commissioning of the factory equipment, with operations entering the full production phase and output expected to gradually exceed 500,000 tons annually. |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | N/A |
| Additional Information | The financial and operational impact is expected to reflect positively by the end of 2025, appearing in the Company’s annual results as a partial effect due to operations commencing in late Q3, with the full impact materializing starting in 2026. |
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