Explanatory announcement from Saudi Ceramics Company regarding the signing of an agreement with ROSHN

Explanatory announcement from Saudi Ceramics Company regarding the signing of an agreement with ROSHN

11 February 2024 04:14 PM

Element List

Explanation

Announcement Detail

In reference to the events announced through the media recently related to the signing of an agreement by the Saudi Ceramic Company with ROSHN, owned by the Public Investment Fund, the Company wishes to clarify to its valued shareholders that this agreement is a "collaboration" agreement for the supply of products and is non-binding on ROSHN. It does not include contracts of sale or supply of specific amounts or any financial or material impact on the Company's operations. The Company also confirms that it has sale agreements for the supply to ROSHN projects, previously disclosed in the annual report of the Board of Directors for the year 2022. The Company would also like to clarify that it is constantly working on cooperation and participation in national projects and assures its shareholders of its keenness and commitment to disclose important events in accordance with the regulations issued by the Capital Market Authority.

Explanatory announcement from Saudi Ceramics Company regarding the signing of an agreement with ROSHN