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The National Company for Glass Industries announces an update regarding adding a sixth line to produce glass containers with a production capacity of approximately 25,000 tons annually.

2150
ZOUJAJ
0.23 %
1445/10/07     16/04/2024 15:51:26

Element ListExplanation
Introduction With reference to the announcement of The National Company for Glass Industries “Zoujaj” published on the Financial Market website (Saudi Tadawul) on 04/28/1445, corresponding to 11/12/2023, regarding the approval of the Board of Directors of The National Company for Glass Industries “Zoujaj” to add a sixth line to produce glass containers with a productivity of 25,000 tons annually.

The company would like to announce to shareholders the latest developments in the project.

Previous Announcement The National Company for Glass Industries, "Zoujaj,” announces the approval of the company’s Board of Directors to add a sixth line to produce glass containers with a production capacity of approximately 25,000 tons annually.
Date of Previous Announcement on Saudi Exchange’s Website 2023-11-12 Corresponding to 1445-04-28
Hyperlink to the Previous Announcement on the Saudi Exchange Website Click Here
Latest Developments Of The Announced Event The cost of the project amounted to SAR 46.6 million, The expected completion date of the project will be December 2024, The expected financial impact will begin in the first quarter of 2025 through an increase in net annual income of about SAR 10 million.
Reasons For The Delay on The Date of The Event Previously Announced Not applicable.
The costs associated with the event, and if they have changed or not with indication of the reasons. Not applicable.
Delay consequences on the Company’s financial results Not applicable.

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.

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Key Parameters
Last Price 43.0
Net Change 0.1 (+0.23%)
Value Traded (Sar) 5,397,150.7
Volume Traded 126,136
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