With reference to the announcement published on the Saudi Exchange (Tadawul) website on 2024-10-01 Corresponding to 1446-03-28, regarding the Board of Directors’ approval to establish a second float glass production line with a production capacity of 650 tons per day, Obeikan Glass Company is pleased to announce the latest development regarding the issuance of the Ministry of Energy approval for the allocation of the required energy supplies for the project.
Previous Announcement
The Board of Directors’ approval to establish a second float glass production line.
Date of Previous Announcement on Saudi Exchange’s Website
2024-10-01 Corresponding to 1446-03-28
Hyperlink to the Previous Announcement on the Saudi Exchange Website
Issuance of the Ministry of Energy’s approval to allocate the required quantities of gas and electrical power to meet the operational needs of the second float glass production line project, with a production capacity of 650 tons per day, in Yanbu Industrial City.
The costs associated with the event, and if they have changed or not with indication of the reasons.
-
Delay consequences on the Company’s financial results
There is none
Additional Information
The company will continue to complete the remaining regulatory and technical requirements and will announce any further developments in due course.
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