2040 · 14/12/2014 09:07:48 · Announcement #36347 · View on Saudi Exchange

Saudi Ceramic Co. announces the latest developments on Progress in the red bricks plant project

Saudi Ceramic Company announces regarding red bricks plant project, and later to the announcement dated 22/05/2013 about the starting date of trial production, a delay in starting the trail production till the third quarter 2015 caused by the delay of progress in civil works reference to site was not ready and to lack of manpower working for the contractors during the past period, the achieved percentage of completion reached 50%, this delay will not negatively affect the company results of this year, also will not affect the project feasibility, the costs related to the delay are limited and immaterial to company results.

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