Riyadh Cement Co. — Capital/Financing Update 2026

Jan 1, 2026

Riyadh Cement Co. Announces Contract Sign Off with Branch of Chengdu Design Research Institute

3092 · 01/01/2026 15:37:12 · Announcement #92394 · View on Saudi Exchange

Riyadh Cement Co. Announces Contract Sign Off with Branch of Chengdu Design Research Institute

Element List	Explanation
Date of Announcement of the Award	2026-01-01 Corresponding to 1447-07-12
Contract Subject Matter	Conversion to Natural Gas
The Entity with Which the Contract was Signed	Branch of Chengdu Design Research Institute
Date of Signing the Contract	2026-01-01 Corresponding to 1447-07-12
Contract Value	SAR 59.4M (excluding VAT)
Contract Details	The contract was signed with Branch of Chengdu Design & Research Institute for the conversion to natural gas under the Liquid Fuel Displacement Program, on an EPC contract basis.
Contract Duration	12 months
Financial Impact and the Relevant Period	The natural gas conversion project is expected to contribute to increased fuel consumption efficiency and improved operational reliability, thereby supporting production stability and reducing costs starting from the commencement of operations.
Related Parties	N/A
Additional Information	The project aims to enhance the efficiency of current production lines and contribute to supporting Saudi Arabia’s Vision 2030, in addition to achieving the objectives of the Liquid Fuel Displacement Program, supported by the Ministry of Industry and Mineral Resources, as well as improving fuel efficiency and promoting environmental sustainability.

On the occasion of signing the contract, the Company expresses its sincere appreciation and gratitude for the continuous efforts and support provided by the Ministry of Industry and Mineral Resources and the Ministry of Energy, as well as all government entities concerned with the cement sector in the Kingdom.

Please note that the contractor has taken possession of the site and commenced the project as of today, and the advance payment has been paid to the contractor in accordance with the payment terms.

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