Element List	Explanation
Introduction	United Carton Industries Company announces the issuance of the Board of Directors’ resolution approving the Ras Al Khaimah plant expansion project through its subsidiary, Ras Al Khaimah Packaging LTD Co. (a subsidiary owned by 100%), in the United Arab Emirates, as part of the strategic expansion plan aimed at increasing market share, production capacity, and revenues.
Date of Board Resolution in Regard to the Project	2026-02-02 Corresponding to 1447-08-14
Project Start Date	The project is expected to commence during the second quarter of 2026, after obtaining the necessary approvals.
Project Cost	The estimated cost of the project is approximately seventy-four million AED (74,000,000)
Financing method for the project	Equity, debt, and internal cash flows.
Expected completion date of the project	The project is expected to be completed during the third quarter of 2027.
Expected Financial Impact of the Project on the Company’s Results	The financial impact of the project on the Company’s financial statements is expected to be reflected from the third quarter of 2027.
The Start of the Expected Impact of the Project on the Company’s Results	The third quarter of 2027.
Expected Date for the Pilot Production of the Project to Begin	Pilot production is expected to begin by the third quarter of 2027.
Duration of the pilot production of the project	Pilot production is expected to continue for approximately one month.
Expected date for the commercial production of the project	Commercial production is expected to begin during the third quarter of 2027.
Executing Party/Counter Party in the Project/Contract	The project will be implemented by the subsidiary company (Ras Al Khaimah Packaging LTD Co.). The contracts will be awarded in due course in line with the company's policies and procedures.
Related Parties	There are no related parties.
Additional Information	The project aims to increase the production capacity of the Ras Al Khaimah plant, in support of the Company’s strategic expansion plan in the United Arab Emirates, and to increase market share and revenues. The Company will announce any material developments later, should they occur.