Mohammed Hasan AlNaqool Sons Co. announced on July 1, 2026 an update on its concrete plant construction project in Dammam's Third Industrial City, originally approved by the Board of Directors on May 20, 2025. The project is approximately 55% complete on the 8,978.07 square meter leased site, with equipment installation and mechanical/electrical works currently underway. Trial and commercial operations are now expected to commence during the fourth quarter of fiscal year 2026, delayed from the original timeline due to regulatory approval delays, equipment delivery issues caused by logistical challenges and regional shipping impacts, and extended construction timelines to ensure technical specifications are met. The company confirmed there is no increase in project costs and remains committed to completing the work according to approved plans.

Original announcement:

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