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Al Kathiri’s ready-mix concrete line to start operations Tuesday
AI Summary
Al Kathiri Holding Co.’s second production line in Riyadh will start commercial production on Tuesday, May 1, the company said in a bourse statement.
The line was build at a total cost of SAR 3.4 million to produce ready-mix concrete with a capacity of 30,000 cubic meters a month.
The project is delivered nine months earlier than the previously mentioned date in the company’s prospectus, which was March 2019.
Financial impact will be reflected on Al Kathiri’s financials for Q3 2018.
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