Umm Al-Qura Cement Company provided earnings guidance for the year 2022 and 2023. For the year 2022, the financial impact for the year 2022 according to the expected downtime which is estimated at 145 days, it is expected to decrease by SAR 4.8 million of the total net profit, in addition to an expected maintenance costs estimated of SAR 2.5 million, and a total fixed cost increase of SAR 0.9 million, hence the total decrease of net profit is estimated at SAR 8.2 million.

For the year 2023,the expected financial impact of this technical malfunction based on the total expected days of downtime, which is estimated at 272 days, the net profit will decrease by SAR 9.1 million, in addition to an increase of fixed costs of SAR 1.7 million, hence the total decrease of the expected net profit for the period is estimated at SAR 10.8 million.

The total expected downtime according to the announcement, is 417 days, and the total estimated decrease in net profit is SAR 13.9 million, in addition to an expected maintenance costs of SAR 2.5 million and a total increase of fixed costs of SAR 2.6 million. Accordingly, the total expected decrease in net profit is SAR 19.0 million.