Element List	Explanation
Introduction	Further to the company’s announcement dated 06/03/1446 AH corresponding to 09/09/2024 AD, regarding the purchase of a cement and ready-mix concrete products factory north of Riyadh, in the Malham Center in the Riyadh region.
Previous Announcement	Meyar Company announces the purchase of a factory.
Date of Previous Announcement on Saudi Exchange’s Website	2024-09-09 Corresponding to 1446-03-06
Hyperlink to the Previous Announcement on the Saudi Exchange Website	Click Here
Latest Developments Of The Announced Event	Meyar announces that all necessary licenses have been issued, and that testing of the factory's equipment has been completed and its efficiency verified. The factory will begin operating in the second quarter of 2025, with the financial and operational impact expected to be evident during the same year.
The costs associated with the event, and if they have changed or not with indication of the reasons.	do not apply