| The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year | The increase in revenues during the current period compared to the same period of the previous year is due to the increase in sales volume, driven by the increase in cement local demand, in addition to the consolidation of subsidiary’s business results following the acquisition of Hail Cement Company as of 10-06-2024, despite the decrease in the average selling prices. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | The decrease in net profit during this year compared to the previous year was mainly due to the decrease in the average selling price, in addition to the increase in operating costs following the increase in fuel prices since beginning of the current year. This is despite the increase in the sales volume driven by the increase in the cement local demand. |
| Statement of the type of external auditor's report | Unmodified opinion |
| Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) | Other Matter: The consolidated financial statements of the Group for the year ended December 31, 2024 were audited by another auditor who expressed an unmodified opinion on those financial statements on March 26, 2025 |
| Reclassification of Comparison Items | Some comparative figures have been reclassified to fit the presentation of the current year's figures, and the figures for the previous quarter have been adjusted on the announcement in accordance with IFRS 3 (Business Combinations) |
| Additional Information | On June 10, 2024 the company acquired 100% of the shares of Hail Cement Company, and the acquisition was accounted in accordance with the requirements of IFRS 3 (Business Combinations). Accordingly, the Company has recognized the acquisition based on the carrying values (provisional values) of the acquired assets and liabilities as of the acquisition date, pending the determination of their fair values within 12 months from the acquisition date, as permitted by IFRS 3, which requires the adjustment of the initial values recognized during the measurement period to fair values retroactively. Following the completion of the valuation of assets and liabilities, the accounting impact was reflected in the consolidated financial statements as on 31 December 2025 and as on 31 December 2024 as per note number 37 in the financial statements. |
