2130 · 11/07/2024 08:04:14 · Announcement #81279 · View on Saudi Exchange

The Saudi Industrial Development Company (SIDC) announces the opening of the first branch of its subsidiary company in the Arab Republic of Egypt (Sleep High) in the City Stars Center

Element ListExplanation
Announcement Detail The Saudi Industrial Development Company (SIDC) announces the opening by its subsidiary company in the Arab Republic of Egypt the Arabian Spring & Foam Mattresses Manufacturing Co. (Sleep High) its first branch to sell the company's products under its brand (sh.) in the City Stars Center, Nasr City, Cairo Governorate in alignment with the company's plan to boost sales and expand its customer base.

Sleep High is considered one of the leading companies in the field of foam and mattress manufacturing in the Arab Republic of Egypt. The financial impact of this branch will be reflected in the company's revenues during the year 2024AD.

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.