| Introduction | With reference to the announcement by The National Company for Glass Industries (Zoujaj), published on the Saudi Exchange (Tadawul) website on 01/10/2025 regarding a limited fire incident in one of its production lines, the Company would like to inform its shareholders of the latest developments concerning the production line. |
| Previous Announcement | The National Company for Glass Industries (Zoujaj) Announces Limited Fire Incident in One of Its Production Lines |
| Date of Previous Announcement on Saudi Exchange’s Website | 2025-10-01 Corresponding to 1447-04-09 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | The production line has been repaired and returned to operation. |
| Reasons For The Delay on The Date of The Event Previously Announced | The actual extent of the damage to the forming machine and the glass feeder channel was greater than initially assessed at the start of the shutdown. In addition,delivery lead time in receiving spare parts from OEM suppliers and arrival of technical support teams thereafter extended the repair period, resulting in a longer production stoppage. |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | The costs increased from the initial estimates of approximately SAR 1.3 million for repairs and SAR 2.9 million for business interruption to approximately SAR 3.1 million for repairs and material damage and SAR 13.0 million for business interruption. This increase was due to the actual extent of the damage to the forming machine and forehearth being greater than initially assessed, as well as the need to import specialized spare parts and provide technical support, which extended the repair period and resulted in a prolonged production shutdown from September 2025 to July 2026. |
| Delay consequences on the Company’s financial results | The impact on the financial statements was a decrease in profits of SAR 16.1 million during the period from September 2025 to July 2026. |
| Additional Information | The material damage loss and the business interruption loss are covered by the Company's insurance policy. The Company has taken the necessary steps with the insurance company to process the insurance claim. |