Mohammed Hadi Al-Rasheed and Partners Company announces the latest developments regarding obtaining a mining license (high silica mine) issued by the Ministry of Industry and Mineral Resources.
| Element List | Explanation |
|---|---|
| Introduction | Reference to the announcement of Muhammad Hadi Al-Rasheed and Partners Company published on 01/04/1446 AH corresponding to 07/10/2024 AD regarding the company’s obtaining a mining license (high percentage silica mine) issued by the Ministry of Industry and Mineral Resources.
The company is pleased to announce the start of exploitation and production from the high-percentage silica mine in the Riyadh region. This will contribute to developing and increasing the silica plant's production capacity. The financial impact is expected to impact the results during the first half of 2025 positively. |
| Date of Posting the Previous Announcement of Development on Saudi Exchange’s Website | 2024-07-10 Corresponding to 1446-01-04 |
| Hyperlink to the Previous Announcement | Click Here |
| Change on the Development | The start of exploitation and production from the high-percentage silica mine in the Riyadh region which will contribute to developing and increasing the production capacity of the silica plant. The financial impact is expected to have a positive impact on the results during the first half of 2025. |
| Financial Impact on the change | nothing |
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