| Element List | Explanation |
|---|---|
| Date of Posting the Previous Announcement of Development on Tadawul’s Website | 2022-10-09 Corresponding to 1444-03-13 |
| Hyperlink to the Previous Announcement | Click Here |
| Change on the Development | Reference to the company’s announcement on 13/3/1444 AH corresponding to 09/10/2022 AD on the Tadawul website, it is initially estimated that financial impact of this technical malfunction will be as follows: |
| Financial Impact on the change | The financial impact for the year 2022 according to the expected downtime which is estimated at (145) days, it is expected to decrease by (4.8) million riyals of the total net profit, in addition to an expected maintenance costs estimated of (2.5) million riyals, and a total fixed cost increase of (0.9) million riyals, hence the total decrease of net profit is estimated at (8.2) million riyals .
Regarding the expected financial impact of this technical malfunction during 2023 based on the total expected days of downtime, which is estimated at (272) days, the net profit will decrease by (9.1) million riyals, in addition to an increase of fixed costs of (1.7) million riyals, hence the total decrease of the expected net profit for the period is estimated at (10.8) million riyals .
Hence, the total expected downtime according to the announcement, is (417) days, and the total estimated decrease in net profit is (13.9) million riyals, in addition to an expected maintenance costs of (2.5) million riyals, and a total increase of fixed costs of (2.6) million riyals. Accordingly, the total expected decrease in net profit is (19.0) million riyals. |
| Additional Information | The company draws attention to its continuous efforts to spot alternatives to reduce the repair period and the recovery of the mill to its normal production status in the shortest period possible. The company will announce any future developments in due course. |
