Al-Samaani says coronavirus measures to impact operations

13/04/2020 Argaam

Al-Samaani Factory For Metal Industries Co. said the Kingdom's precautionary measures to curb the COVID-19 outbreak will impact its operations and financial statements, the company said in a bourse statement.

 

However, Al-Samaani is unable to assess the financial impact of the precautionary measures at present, and will announce any further developments in due course.

 

Al-Samaani said it cannot define whether the company is eligible for the government's support packages provided to the private sector, and hence, it cannot assess the related financial impact at present.

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