Announcement of Shmoa AlMadi Company Regarding the Latest Developments of Signing a Contract with Rukn Al-Nile Contracting Company

With reference to Shmoa AlMadi Company’s announcement published on the Tadawul website on 04/05/2025 regarding the signing of a contract with Rukn Al-Nile Contracting Company to execute the concrete and structural framework works for the construction of the Company’s new factory in the city of Buraidah,

The Company would like to announce that the completion rate has reached (70%) of the total concrete and structural framework works, in accordance with the approved timeline for the construction of the factory’s concrete structure. The Company continues to implement the construction works in line with the highest technical and engineering standards, consistent with its expansion strategy.

It is worth noting that the objective of building the new factory comes within the framework of the Company’s commitment to developing its production capabilities and enhancing its competitive position by increasing current production capacity and meeting the growing demand for its products with high standards and quality. This aligns with the Company’s growth and return targets under its strategy, which seeks to enhance industrial production efficiency and support sustainable development within the sector.