A second clinker line with a capacity of 1.9 mn tpa. Total cost is expected to be SAR 970.6 mn financed from IPO proceeds and future cash flows.
Project Information
Industry
Industrial Manufacturing > Basic Material > Construction Materials > Cement
970.63 (Million Riyal) * Estimate:
1.9 mln tpa
Saudi Arabia
Riyadh
City cement plant
Completed
Q2 2012
Q2 2015
The company announced that a contract for the construction of a second line was signed in June 2012 with "Sinoma International Engineering", at a total cost of 970.6 million riyals.
the commercial operation of the line began on April 20, 2015, and the financial impact of it will appear in the second quarter of the same year.
A delay discount of 43 million riyals was obtained from the main contractor contract "Sinoma International Company.
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