| Element List | Explanation |
|---|
| Introduction | With reference to the announcement of the Saudi Paper Manufacturing Company published on the Tadawul website on 10/12/2023 AD regarding the completion of signing the contract to implement the construction and erection works of the metal structure and the fifth production line building and carry out the necessary civil works for that with Durar Tamam Trading and Contracting Company (DTC) |
And to the company’s announcement published on the Tadawul website on 10/02/2022 AD regarding signing an agreement to purchase the fifth production line for raw tissue paper rolls with a production capacity of 60,000 tons annually
The company announces that the trial operation of the fifth production line will be scheduled for the third quarter of this year, 2025. It also announces that the overall completion rate of the project has reached 85%
| Previous Announcement | The Saudi Paper Manufacturing Company announces the latest developments in its previous announcement of signing an agreement to purchase the fifth production line with a production capacity of 60,000 tons of sanitary paper rolls from the Italian company TOSCOTEC |
| Date of Previous Announcement on Saudi Exchange’s Website | 2023-10-12 Corresponding to 1445-03-27 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | The company announces that the trial operation of the fifth production line will be scheduled for the third quarter of this year, 2025. It also announces that the overall completion rate of the project has reached 85% |
| Reasons For The Delay on The Date of The Event Previously Announced | Natural conditions in the project area led to a delay in the site’s readiness, which affected the previously expected timetable for the completion of civil works. The company also completed the procedures for terminating the contract with the previous contractor in accordance with the terms of the contract |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | The costs associated with the event have not changed and the total contract value remains the same with no change or additional costs |
| Delay consequences on the Company’s financial results | Not applicable |
| Additional Information | The financial impact of the operation of the fifth production line on the company's results is expected to appear starting from the third quarter of fiscal year 2025, and any developments will be announced later |
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.