Riyadh Cement Co. Announces Contract Sign Off With Tianjin Cement Industry Design & Research Institute Co. ,Ltd

Introduction: Riyadh Cement Company announces the signing of the Light House Project contract with Tianjin Cement Industry Design & Research Institute Co. ,Ltd a total value of 14.9 Millions USD exclusive of Value Added Tax, as part of the Company's strategic program aimed at enhancing operational efficiency, strengthening competitiveness, improving productivity, and advancing sustainability.

Date of Announcement of the Award: 2026-09-14 Corresponding to 1448-04-03

Contract Subject Matter: Implementation of the Light House Project to enhance and optimize operational processes and leverage digital technologies and industry for 4.0 applications, data, and advanced analytics, with the objective of improving operational efficiency and productivity, reducing costs, and enhancing operational performance and sustainability.

The Entity with Which the Contract was Signed: Tianjin Cement Industry Design & Research Institute Co. ,Ltd

Date of Signing the Contract: 2026-09-14 Corresponding to 1448-04-03

Contract Value: 14.9 Millions USD exclusive of Value Added Tax

Contract Details: The contract covers the implementation of the Light House Project in accordance with the agreed scope of work between the two parties, including digital transformation, automation, process optimization, artificial intelligence, predictive maintenance, energy efficiency, and other relevant activities.

Contract Duration: 24 months

Financial Impact and the Relevant Period: The financial impact of the project is expected to be reflected in the Company's financial results in line with the project implementation phases, with operational and financial benefits expected to be realized progressively throughout the implementation period.

Related Parties: N/A

Additional Information: The signing of this contract forms part of Riyadh Cement Company's strategy and operational and digital transformation program. The project aims to enhance operational efficiency and productivity and strengthen the Company's competitive position, supporting its long-term strategic objectives. In addition, achieving the targeted objectives of the Project will require the Company to undertake supporting investments in infrastructure development, value-added buildings, and related equipment, as necessary to enable the implementation and full realization of the project's operational and digital transformation objectives.