| Element List | Explanation |
|---|---|
| Announcement Detail | The Ministry of Industry and Mineral Resources has congratulated City Cement Company on achieving the advanced level in (SIRI) assessment, which comes within the Future Factories Program. |
As the Future Factories Program relies on the SIRI methodology (Smart Industries Readiness Index), which represents the global index adopted by the Kingdom of Saudi Arabia to measure the maturity of the Saudi factories respecting the adoption of the Fourth Industrial Revolution technologies and their readiness, where this index measures the factories’ digital transformation level through accredited evaluators.
Furthermore, the Ministry aims, through the program, to help factories in the Kingdom to adopt the Fourth Industrial Revolution technologies in order to enhance the opportunities of raising efficiency, reducing costs, as well as creating qualitative job opportunities.
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.