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Element List	Explanation
Introduction	The Board of Directors of Saudi Guardian International Float Glass Co. Limited “Gulf Guard” has approved the Implementation of a project to produce flat and Coater glass.
Previous Announcement	The Board of Directors of Saudi Guardian International Float Glass Co. Limited “Gulf Guard” approved the study submitted for the establishment of a flat and Coater glass production plant in the Royal Commission for Jubail Industrial City.
Date of Previous Announcement on Saudi Exchange’s Website	2024-08-04 Corresponding to 1446-01-29
Hyperlink to the Previous Announcement on the Saudi Exchange Website	Click Here
Latest Developments Of The Announced Event	The Board of Directors of Saudi Guardian International Float Glass Co. Limited “Gulf Guard” has approved the implementation of a project to produce flat and Coater glass. Regarding the project completion schedule, the Coater glass line is expected to start operating in third quarter of 2027, and the flat glass line in the second quarter of 2028, It is subject to receipt of suitable financing for the project.
Reasons For The Delay on The Date of The Event Previously Announced	Not applicable.
The costs associated with the event, and if they have changed or not with indication of the reasons.	$ 267 million
Delay consequences on the Company’s financial results	Not applicable.
Additional Information	No