| Element List | Explanation |
|---|---|
| Introduction | East Pipes Integrated Company for Industry announcement the Board of Directors’ approval to establish a new external steel pipe coating line at the Company’s pipe coating plant located in the Second Industrial City in Dammam. |
| Date of Board Resolution in Regard to the Project | 2026-01-15 Corresponding to 1447-07-26 |
| Project Start Date | February 2026 |
| Project Cost | The cost of the project is approximately 78.5 million riyals |
| Financing method for the project | The project will be funded from the company’s available cash, bank facilities, and other financing programs |
| Expected completion date of the project | First quarter of the fiscal year 2027 – 2028 |
| Expected Financial Impact of the Project on the Company’s Results | The project is expected to impact the company’s results in financial year 2027 – 2028 |
| The Start of the Expected Impact of the Project on the Company’s Results | First quarter of the fiscal year 2027-2028 |
| Expected Date for the Pilot Production of the Project to Begin | First quarter of the fiscal year 2027 – 2028 |
| Duration of the pilot production of the project | One Month |
| Expected date for the commercial production of the project | First quarter of the fiscal year 2027 – 2028 |
| Executing Party/Counter Party in the Project/Contract | Contracts will be concluded with several parties for the supply of machinery and equipment |
| Related Parties | None |
| Additional Information | This expansion aims to double the plant’s current nominal production capacity from approximately 4 million square meters to 8 million square meters per year, allowing the company to meet growing market demand and strengthen its competitive position. The Company will disclose any material developments related to the project in due course |
