Saudi Paper Manufacturing Co. Announces an update on Saudi Paper Manufacturing Co. Announces Purchase Machine for production paper tissue rolls in the value of SAR 58 million

Element List	Explanation
Introduction	Reference to the announcement of the Saudi Paper Manufacturing Company published on the Tadawul website dated 02/10/2022 regarding the signing of an agreement to purchase the fifth production line with a production capacity of 60,000 tons of tissue paper rolls.

The company would like to announce the contract has been signed for the construction and establishment of the steel structure and building of the fifth production line, as well as the necessary civil works, with Durr Tamam Trading and Contracting Company (DTC). Previous Announcement Saudi Paper Manufacturing Co. Announces Purchase Machine for production paper tissue rolls in the value of SAR 58 million Date of Previous Announcement on Tadawul's Website 2022-10-02 Corresponding to 1444-03-06 Percentage of fulfilled achievement do not apply Event's Expected Completion Date 270 effective days from the date of delivery of the down payment, building permit, and handover of the work site. Reasons for Exceeding the Announced End Date do not apply The costs associated with the event, and if they have changed or not with indication of the reasons. The value of the contract is SAR 20,600,000 (only twenty million six hundred thousand Saudi Riyals). Impact of the Delay on the Company's Financial Results do not apply Additional Information Any developments will be announced later

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