| Element List | Explanation |
|---|---|
| Introduction | Saudi Chemical Company Holding Announces, through its subsidiary Saudi Chemical Company Limited (SCCL), the latest developments related to the Military Industries Complex Project, as a continuation of the previously announced commencement of the project’s trial operation. |
| Previous Announcement | Saudi Chemical Company Holding Announces an Update on the Project of Military Industries Complex. |
| Date of Previous Announcement on Saudi Exchange’s Website | 2023-05-03 Corresponding to 1444-10-13 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | Further to the previous announcement, the company is pleased to announce the successful completion of the trial phase for the TNT production line and the production of the first batch in full compliance with approved international military specifications and standards, following the completion of all required technical and operational tests for this line. Work is currently underway to prepare and equip the production lines in readiness for the transition to the commercial production phase. |
| Reasons For The Delay on The Date of The Event Previously Announced | Not applicable, as the current developments fall within the natural sequence of the project phases following the trial operation, and no specific date for the commencement of commercial production had been previously announced. |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | There has been no material change in the costs associated with the project compared to what was previously announced, as these developments fall within the project’s approved budget. |
| Delay consequences on the Company’s financial results | There is no material financial impact on the Company’s financial statements at the present time. |
| Additional Information | The Company will announce the commencement of commercial production, assess the financial impact, and disclose any material developments in due course, in accordance with the regulations and instructions of the Capital Market Authority and the Saudi Exchange (Tadawul). |
