| Element List | Explanation |
|---|---|
| Introduction | With reference to the announcement of Marble Design Factory Company published on the Tadawul website on 16 Safar 1447 AH, corresponding to 10 August 2025 AD, regarding the completion of 90% of the construction of showrooms and warehouses for its subsidiary. Marble Design Factory Company (Marble Design) announces the 100% completion of the construction of showrooms and warehouses for its subsidiary, Tariq Al-Maskan Real Estate Development Company, which is wholly owned (100%). The company aims to add a new product, sintered stone slabs, which are raw manufactured slabs made from natural materials using advanced technologies and formed according to demand for use in both interior and exterior architectural applications. This is in cooperation with the Techlam brand, affiliated with the Spanish company Levantina. The company has currently obtained the necessary licenses and commenced operations. The financial impact of this expansion is expected to be reflected in the first half of the fiscal year 2026. The company also notes that the land purchase, project construction, and acquisition of the machinery required for cutting sintered stone slabs were financed through the internal resources of Tariq Al-Maskan Real Estate Development Company. |
| Previous Announcement | Marble Design Factory Company announces the latest developments in the construction of showrooms and warehouses for its subsidiary company. |
| Date of Previous Announcement on Saudi Exchange’s Website | 2025-08-10 Corresponding to 1447-02-16 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | 100% completion of the project construction, completion of obtaining the required government licenses, and commencement of operations. |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | The project construction costs were fully covered by the internal resources of Tariq Al-Maskan Real Estate Development Company, and the financial impact of this expansion is expected to be reflected in the first half of the fiscal year 2026. |