Zoujaj Fire Damage Costs Rise to SAR 16.1M, Line Restored
ZOUJAJ 2150.SA | 0.00 |
On August 2, 2026, The National Company for Glass Industries (Zoujaj) published an update on the Saudi Exchange (Tadawul) regarding the limited fire incident in one of its production lines, originally announced on October 1, 2025. The affected production line has been repaired and returned to operation following a prolonged shutdown from September 2025 to July 2026, caused by damage to the forming machine and glass feeder channel that was greater than initially assessed, compounded by delays in receiving OEM spare parts and technical support. Total costs escalated significantly from initial estimates of approximately SAR 1.3 million for repairs and SAR 2.9 million for business interruption to approximately SAR 3.1 million for repairs and material damage and SAR 13.0 million for business interruption, resulting in a decrease in profits of SAR 16.1 million over the affected period. Both the material damage and business interruption losses are covered under the Company's insurance policy, and the necessary steps have been taken to process the insurance claim.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=97164&anCat=1&cs=2150&locale=arImportant Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.
