Jazan Energy and Development Company announces the suspension of the second production line for the 12 liters bottle size of its Drinking Water Bottling Factory permanently

01/01/2023 Tadawul
LEMENT LIST EXPLANATION
Announcement Detail Jazan Energy and Development Company announces the approval of the Board of Directors for the suspension of the second production line for the 12 liters bottle size of its Drinking Water Bottling Factory permanently. as a result of the market conditions, that led to a reduction in demand, which cause an increase in production costs and become economically infeasible.

 

 

The limited financial impact of this suspension will appear on the statement of financial position for the year 2022, with a value of 5,972,564 Saudi riyals.

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