An addendum announcement from the Saudi Ceramic Company regarding its receipt of a notice for an increase in the prices of fuel products used in production.

An addendum announcement from the Saudi Ceramic Company regarding its receipt of a notice for an increase in the prices of fuel products used in production.

Element List

Explanation

Introduction

In addition to the Saudi Ceramic Company’s announcement regarding its receipt of notice for an increase in the prices of fuel products used in production starting from January 1, 2024, the Company would like to clarify the preliminary estimates of the financial impact of this increase.

Date of Posting the Previous Announcement of Development on Saudi Exchange’s Website

2024-01-04 Corresponding to 1445-06-22

Hyperlink to the Previous Announcement

Click Here

Change on the Development

The Company would like to clarify that preliminary estimates of the fuel price adjustment indicate that the impact of this increase will be approximately 3% of cost of sales for the tile sector while less than 1% for the rest of the products.

Financial Impact on the change

This impact will start from the first quarter of fiscal year 2024.

Additional Information

None

An addendum announcement from the Saudi Ceramic Company regarding its receipt of a notice for an increase in the prices of fuel products used in production.