| Introduction | In addition to the successive announcements of Al Kathiri Holding Company since October 02, 2019 regarding the project of its subsidiary (Alian Industry Company), which aims to establish a plant that uses an Italian technology which produces 3D concrete panels.The publication on the website of the Saudi Stock Exchange (Tadawul) on November 16, 2020 states that the company has completed 90% of the construction work of the factory and has imported and stored production lines at the factory site in Sudair City for industry and business.Therefore, Alkathiri Holding Company is pleased to announces the start of trial operation for the plant of Alian Industry Company, starting from Sunday, August 15, 2021; This is after the success of the tests of machines and production lines and the verification ofAll operational and non-operational aspects, as well as the success of the factory equipment testing operations, the company will continue trial production operations gradually according to operational and quality requirements, taking into account that the employment rates will rise graduallyIn line with the production plan and market conditions – according tofor the following: |
| Previous Announcement | The establishment of Alian Industry Company plant in Sudair city for industry and business |
| Date of Previous Announcement on Tadawul’s Website | 2020-11-16 Corresponding to 1442-04-01 |
| Percentage of fulfilled achievement | 100% of the structural works have been completed to build the new plant, machines and production lines have also been installed and tested, and all aspects, operational and non-operational, of all necessary machinery and equipment have been installed and tested Trial operation. |
| Event’s Expected Completion Date | Due to the outbreak of the Corona Covid-19 pandemic in the State of Italy and the suspension of air traffic, which affected the presence of Italian installation and operation specialists to the Kingdom of Saudi Arabia. |
| Reasons for Exceeding the Announced End Date | Due to the outbreak of the Corona Covid-19 pandemic in the State of Italy and the suspension of air traffic, which affected the presence of Italian installation and operation specialists to the Kingdom of Saudi Arabia |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | It cannot be identified at present |
| Impact of the Delay on the Company’s Financial Results | It will be determined later |
| Additional Information | note that the 3D concrete panel technology is advanced and distinguished in the world and is an alternative to traditional building methods.The new technology is characterized by saving costs by 30% compared to the traditional buildingand reduces the time it takes to build to three months. Also it is known for its flexibility in applying Modern architectural designs, which can be used in various fields of residential units, commercial buildings and mega-projects, as they achieve the highest standards of efficiency in acoustic and thermal insulation, also calls Note that this Italian technology is used in all countries of the European Union and the United States of America. Furthermore, Alian Industry Company invites all interested parties in modern construction technologies and systems from (companies – institutions – consultants – individuals) to register in the qualification process that will be prepared by the company, registered parties shall be accredited in the implementation and supervision of projects that will be completed using Emmedue 3D panels technology- The qualification process for the participants shall include the following program: – An introduction to modern building systems and techniques and the most important advantages ofModern construction. – Familiarization with Emmedue building technology by inspecting the production stages inside the factory until getting the complete product.Structural method, final finishes and delivery to the client. The company calls on inviting all interested companies, institutions and individuals to participate in the qualification process by filling in the data with the following link on the company’s website:/https://alianind.com/training |
