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Saudi Lime Industries Company announces the joining of its subsidiary to the Industrial Competitiveness Program
| Element List | Explanation |
|---|---|
| Announcement Detail | Saudi Lime Industries Company announces to its esteemed shareholders that its subsidiary (Astra Mining Company Limited) has submitted a request to join the Industrial Competitiveness Program by signing the "Framework Agreement for the Competitiveness of the Industrial Sector." This agreement includes the provision of a number of immediate and developmental solutions aimed at enhancing the competitiveness of existing industrial facilities in the Kingdom of Saudi Arabia. As a result, the financial impact of the increase in production costs has decreased from 6% to 2%. The financial impact is reflected in the reduction of the effect on the company's plant operation on the total cost, with an increase of 6% before signing the agreement, which has now reduced to approximately 2% after signing the agreement, effective from 01/01/2024. It is mentioned that Saudi Lime Industries Company announced on 20/05/2024 corresponding to 12/11/1445 that it has completed the procedures for purchasing 100% of the capital shares of Astra Mining Company Limited. |
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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Last Price 13.25
Net Change -0.75 (-5.36%)
Value Traded (Sar) 323,552.41
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