Southern Province Cement Co. Announces an update on establishment of a production line at Jazan Cement Factory with a production capacity of 10,000 tons / day to replace the current production lines

ELEMENT LIST EXPLANATION
Introduction Reference to the announcement of Southern Province Cement Company published on Tadawul website on 22/10/1442 AH – 03/06/2021 and announcement of Southern Province Cement Co. an update on establishment of a production line at the Jazan Cement Factory with a production capacity of 10,000 tons / day to replace the current production lines which has been published on Tadawul website on 23/05/1443 AH – 27/12/2021.Therefore, Southern Province Cement Co. would like to inform you that after completing the detailed technical studies with a help of a specialized consulting Co., the board of directors decided to start constructing a line with a production capacity of 5,000 tons / day with a construction of the infrastructure for another line with a production capacity of 5,000 tons / day.

Any significant developments will be announced later.

Previous Announcement update on establishment of a production line at Jazan Cement Factory with a production capacity of 10,000 tons / day to replace the current production lines
Date of Previous Announcement on Tadawul’s Website 2021-12-27 Corresponding to 1443-05-23
Percentage of fulfilled achievement Not applicable
Event’s Expected Completion Date Not applicable
Reasons for Exceeding the Announced End Date Not applicable
The costs associated with the event, and if they have changed or not with indication of the reasons. Not applicable
Impact of the Delay on the Company’s Financial Results Not applicable
Additional Information Not applicable