| Element List | Explanation |
|---|---|
| Introduction | Further to the announcement by East Pipes Company published on 9 February 2025 regarding the establishment of a new production line for Helical Submerged Arc Welded (HSAW) steel pipes at the company’s factory in the Second Industrial City in Dammam, the company would like to disclose the latest developments related to the project. |
| Previous Announcement | Establishment of a new production line for Helical Submerged Arc Welded (HSAW) steel pipes |
| Date of Previous Announcement on Saudi Exchange’s Website | 2025-02-09 Corresponding to 1446-08-10 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | The Company has successfully completed the construction and installation of the new production line, and operations and production have commenced in accordance with the approved operational plan. This step comes as part of the Company’s strategic plans to enhance its production capacity and support the efficiency of its operational processes.
The new production line will contribute an additional production capacity estimated at approximately 100,000 metric tons to the current nominal capacity of 400,000 metric tons, thereby increasing the Company’s nominal production capacity to approximately 500,000 metric tons per year. The financial impact is expected to begin to be reflected in the Company’s results during the fourth quarter of the fiscal year ending in March 2026 |
| Reasons For The Delay on The Date of The Event Previously Announced | None |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | There are no costs related to the event. |
| Delay consequences on the Company’s financial results | None |
| Attached Documents |  |
