| Element List | Explanation |
|---|---|
| Introduction | The company would like to provide additional information regarding the date of the technical report issued by plant management, and the date of the company’s management decision to replace the damaged unit with a new unit, and to clarify the financial value in Saudi Riyals in item No. 3 of the financial impact of the change. |
| Date of Posting the Previous Announcement of Development on Tadawul’s Website | 2023-03-13 Corresponding to 1444-08-21 |
| Hyperlink to the Previous Announcement | Click Here |
| Change on the Development | With reference to the previous announcement, the company would like to clarify that the technical report of the plant management was issued on 09 March 2023 AD corresponding to 17 Shaaban 1444 AH.
And the company’s management decision to replace the damaged unit with a new unit was issued on 12 March 2023, corresponding to 20 Shaaban 1444 AH. |
| Financial Impact on the change | There is no additional financial impact except for clarifying the financial value in Saudi riyals of what was stated in item No. (3) of the financial impact of purchasing the new unit at a value of 1,433,000 euros, equivalent to 5,770,642 Saudi riyals, in addition to shipping and installation expenses. |
| Additional Information | Any future developments in this regard will be announced |
Market News & Reports Market News Issuer & Financial Advisor Announcements Announcement Details Addendum Announcement from Umm Al-Qura Cement Co. in regards to the company’s pervious announcement published on the Tadawul website on 21Shaaban 1444 AH corresponding to 13 March 2023 , in regard to the occurrence of a major technical failure in one of the components of the cement mill No. (1).
