Zamil says factories operating at significantly lower work shifts

The factories of Zamil Industrial Investment Co. are operating at significantly reduced and intermittent shifts in line with the Saudi government’s precautionary measures to contain the coronavirus outbreak, it said in a bourse filing on Monday.

Factories in other countries have been shut down following the government restrictions in those countries.

Zamil said it is unable to assess the financial impact of the precautionary measures at present and any further developments will be announced in due course.

On the private sector’s support packages, the company said it is working closely with relevant authorities to identify the support mechanism and feasibility.