Yamama Saudi Cement Company announced the signing of the contract for the project of transferring the seventh line from the old factory to the new factory. Project Start Date: First Quarter – 2023; Project Cost Estimated cost: SAR 830 million; Financing method for the project: Self-financing from the company's resources in addition to financing from commercial banks. Expected completion date of the project: Second Half – 2025; Expected Impact on the Company's Financial Results: After the trial run period is completed, it is expected to have a positive impact on the company's financial results.

The impact and the start date of the impact will be clarified at a later time. Expected Date on Which the Impact on the Financial Results of the Company will Start It will be clarified at a later time.; Executing Party/Counter Party in the Project/Contract: Sinoma Overseas Development Co. Ltd. (Chinese Company); and Additional Information: With reference to the company's announcement on April 20, 2021, the Board of Directors decided in its session held on April 19, 2021 to transfer the seventh line from the old factory to the new factory which includes dismantling, transporting and installing, as this decision came in line with the Kingdom's 2030 vision to keep pace with development projects.