| Element List | Explanation |
|---|---|
| Introduction | Announcement of Shmoa AlMadi Company Regarding the Signing of 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. |
| Date of Posting the Previous Announcement of Development on Saudi Exchange’s Website | 2025-05-04 Corresponding to 1446-11-06 |
| Hyperlink to the Previous Announcement | Click Here |
| Change on the Development | The completion rate has reached (70%) of the total concrete and structural framework works, in accordance with the approved timeline for constructing the concrete structure of the new factory. The Company continues to carry out the construction works in line with the highest technical and engineering standards, consistent with its expansion strategy. |
| Financial Impact on the change | There are no changes in costs. |
| Additional Information | The Company will disclose any developments or financial impacts related to the construction of the factory in due course. |