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Al Jouf Cement Co. — Capital/Financing Update 2021
Dec 30, 2021
53353_rns_2021-12-30_3d8d099f-3edd-49e7-8705-c8b8fa1d1006.html
Capital/Financing Update
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Al Jouf Cement Co. Announces an update on Starting trial production of the second production line
3091 · 30/12/2021 08:05:21 · Announcement #66126 · View on Saudi Exchange
Al Jouf Cement Co. Announces an update on Starting trial production of the second production line
| Element List | Explanation |
|---|---|
| Introduction | Al-Jouf Cement Company is pleased to announce to the honorable shareholders the decision of its board of directors at its meeting held on the evening of Tuesday, December 28, 2021 AD to close the remaining part of the second line project and its annexes, and the international road intersection bridge project on fixed assets on December 31, 2021 AD, knowing that it had previously been Announcing on March 30, 2015 the receipt of the mills unit (cement silos, packaging, cement mills), and the financial impact of that closure will be in the first quarter of 2022. |
| Previous Announcement | Starting trial production of the second production line |
| Date of Previous Announcement on Tadawul's Website | 2015-03-30 Corresponding to 1436-06-10 |
| Percentage of fulfilled achievement | 95% |
| Event's Expected Completion Date | First Quarter 2022 AD |
| Reasons for Exceeding the Announced End Date | Failure to achieve production capacity according to the terms of the contract |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | It will appear in the results of the first quarter 2022 AD |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.