Marble Design Factory Company announces the completion of 90% of the construction of showrooms and warehouses for its wholly owned subsidiary, Tareeq Al Maskan Real Estate Development Company. The company aims to introduce a new product — Sintered Stone Slabs — which are raw slabs manufactured from natural materials using modern technologies and shaped to order for use in interior and exterior architectural applications, in collaboration with the brand Techlam, a subsidiary of the Spanish company Levantina. The company is currently in the final stages of obtaining the necessary licenses to commence operations, with the financial impact of this expansion expected to be reflected in the second half of the fiscal year 2025.

The company also notes that the land purchase, project construction, and acquisition of the necessary machinery for cutting Sintered Stone Slabs were all financed through the internal resources of Tareeq Al Maskan Real Estate Development Company.