Al Jouf Cement Co. Announces Contract Sign Off with ALTEC LIMITED

Element List	Explanation
Introduction	Signing a contract for the design, supply, and installation of electrical interconnection works
Date of Announcement of the Award	2026-05-21 Corresponding to 1447-12-04
Contract Subject Matter	Design, supply, and installation of electrical interconnection works for the Company’s plant in Turaif under the Liquid Fuel Displacement Program.
The Entity with Which the Contract was Signed	ALTEC LIMITED
Date of Signing the Contract	2026-05-21 Corresponding to 1447-12-04
Contract Value	SAR 27,797,000
Contract Details	The contract was signed with ALTEC Limited Company for the execution of the design, supply, and installation of the electrical interconnection works under the Liquid Fuel Displacement Program, with the objective of completing the electrical service connection to the Company’s plant in Turiaf, on a turnkey project basis.
Contract Duration	Six (6) months.
Financial Impact and the Relevant Period	The project is expected to contribute to enhancing energy consumption efficiency and reducing emissions associated with electricity generation within the Company’s facilities. It will also improve the reliability and efficiency of operational processes, thereby supporting the stability and sustainability of production operations. The financial and operational impact of the project is expected to materialize following the completion of the implementation phase and the commencement of commercial operations during the first quarter of 2027.
Related Parties	None
Additional Information	This project comes as part of the Company’s strategy aimed at enhancing the efficiency of the existing production lines and improving their operational reliability, in support of achieving the objectives of Saudi Vision 2030. It also contributes to the implementation of the Liquid Fuel Displacement Program supported by the Ministry of Industry and Mineral Resources, through improving energy consumption efficiency, strengthening environmental sustainability practices, and reducing the environmental impact of operational activities.