Saudi Ceramic Co. announces an update on establishment of a new factory for the production of porcelain tiles

Saudi Ceramic Co. announces an update on establishment of a new factory for the production of porcelain tiles

|Element List||Explanation|

|Previous Announcement||Establishment of a new factory for the production of porcelain tiles|

|Date of Previous Announcement on Tadawul's Website||2021-08-19 Corresponding to 1443-01-11|

|Percentage of fulfilled achievement||40%|

|Event's Expected Completion Date||The trial and commercial production is expected to start during the first quarter of the year 2024.|

|Reasons for Exceeding the Announced End Date|| The reasons for the delay in the project are,

|

1- Delays in legal procedures from the authorities.

2- Changes in delivery schedules of some machines and equipment due to external factors effecting some suppliers.

|The costs associated with the event, and if they have changed or not with indication of the reasons.||Because there has been no change in the scope of the project, there has been no change in costs associated with the project.|

|Impact of the Delay on the Company's Financial Results||There will be no impact on the Company's financial results.|