| Introduction | With reference to the company’s announcement published on the Tadawul website on 29-12-1442 AH corresponding to 08-08-2021 regarding the latest developments for the establishment of Alian Industry Co. plant in Sudair City for Industry and Business and the beginning of the trial operation of the plant starting from Sunday 15-08-2021. Al Kathiri Holding Company announces the official opening of its subsidiary plant in Sudair City for Industry and Business, as well as the inauguration and opening of the training and qualification center for Saudi engineering under the patronage and honor of His Excellency the Minister of Municipal and Rural Affairs and Housing Mr. Majid AlHogail and His Excellency the Minister of Industry and Mineral Resources Mr. Bandar AlKhorayef and CEO of National Housing Company , and CEO of MODON on Wednesday 22-02-1443 AH corresponding to 29-09-2021. |
| Previous Announcement | The establishment of Alian Industry Co. plant in Sudair City for Industry and Business (the inauguration and opening ceremony under the patronage of His Excellency the Minister of Municipal and Rural Affairs and Housing, and His Excellency the Minister of Industry and Mineral Resources). |
| Date of Previous Announcement on Tadawul’s Website | 2021-08-08 Corresponding to 1442-12-29 |
| Percentage of fulfilled achievement | 100% |
| Event’s Expected Completion Date | The actual operation of the production lines in the new plant was completed today, wednesday 22-02-1443 AH corresponding to 09-29-2021. |
| Reasons for Exceeding the Announced End Date | Not applicable |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | Not applicable |
| Impact of the Delay on the Company’s Financial Results | Not applicable |
| Additional Information | The plant is considered the most productive plants for modern building technology in the Kingdom of Saudi Arabia, with a production capacity of 1,000 housing units annually, which amounts to:Production capacity: The total production capacity at 100% actual operation of the plant amounts to (1,300,000) one million three hundred thousand square meters annually at a rate of (one thousand) housing units annually and this percentage will be achieved gradually during the three years following the year of operation with an average sale of up to (60,000,000) sixty million riyals per year. The company expects to reach the break-even point during the following year of operation.Manufacturing mechanism and technology: Italian technology for the production of concrete panels.Plant area: The plant is built on a land of 12,308 square meters, which was obtained from the Saudi authority for industrial cities and technology zones (MODON).Materials used in technology: 100% local to support local content.It is worth noting that Emmedue concrete panel production technology is advanced and distinctive in the world and an alternative to traditional construction methods. It is characterized by saving costs by 25% compared to traditional construction, reducing the time spent in the construction process to three months, and flexibility in the application of modern architectural designs, which can be used in various fields. From residential units, commercial buildings and major projects, as it achieves the highest standards of efficiency in acoustic and thermal insulation, knowing that this Italian technology is used in all countries of the European Union and the United States of America.- A center for training and qualifying Saudi engineering cadres to prepare them to use modern building technology, with a capacity to qualify 100 engineers per month without any fees, and this is a social initiative by Alian Industry Company.Alian Industry Company would like to invite all those interested in modern construction techniques and systems – (companies – institutions – consultants – individuals) to register for the qualification that the company is preparing, in order to be accredited in the implementation processes and supervision of projects that will be completed using modern construction techniques – as the qualification process includes for the participants the following agendas:-An introduction to modern building systems and technologies and the most important advantages of modern building technology.-Acquiring knowledge of the Italian building technology (Emmedue building technology) by examining the production stages inside the plant until obtaining the complete product.-Reviewing and training on the stages of transportation and installation in construction sites and the method of final finishes down to delivery to the customer.The company calls upon all interested companies, institutions and individuals to participate in the qualification process by filling in all required info in the following link on the company’s website https://alianind.com/training/ |
