1212 · 09/12/2013 15:53:52 · Announcement #32575 · View on Saudi Exchange

Astra Industrial Group announces update on Tanmiya factory

Further to the announcement dated 25/3/2013 published by Astra Industrial Group on Tadawul related to the updates of Al Tanmiya Company for Steel, in which it has 51% share; the company received a letter on Monday afternoon, December 9th 2013 from Tanmiya Company indicating the successful conclusion of the commissioning of the factory and that the commercial production will commence on December 10th 2013. It is expected that production will increase gradually during next year and depending on the market conditions. Financial impact of the commercial operations will start in the financial statements of the first quarter of 2014.

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