| Introduction | Saudi Industrial Development Company (SIDC) announces the signing of an agreement by its branch SIDC Ceramic Factory “CASAVIA” with National Housing Company (NHC) to enhance the supply of sanitary ware products through the “SupplyPro” Platform. |
| Date of Announcement of the Award | 2026-05-14 Corresponding to 1447-11-27 |
| Contract Subject Matter | Agreement for stabilizing the prices of supply chain materials for National Housing Company (NHC). |
| The Entity with Which the Contract was Signed | National Housing Company (NHC) |
| Date of Signing the Contract | 2026-02-22 Corresponding to 1447-09-05 |
| Contract Value | The Agreement does not include a specified total value or any commitment to purchase fixed or guaranteed quantities, as the generated revenues (if any) will depend on purchase orders to be placed through the Platform during the term of the Agreement. |
| Contract Details | The Agreement aims to enhance supply of sanitary ware products through the “SupplyPro” Platform owned by National Housing Company (NHC), which seeks to automate supply chain operations in the construction and building sector and link real estate developers, contractors, and end-users with factories, thereby contributing to accelerating supply processes and improving supply chain efficiency. Under the Agreement, SIDC Ceramic Factory “CASAVIA” will list its sanitary ware products via the “SupplyPro” Platform, which manages and provides real estate supply chain services and links service providers with developers and contractors of real estate development projects. Prices shall also be subject to review and adjustment in the event of changes in raw material prices. |
| Contract Duration | Two Years commencing from 22/02/2026G. |
| Financial Impact and the Relevant Period | The Agreement is expected to have a positive impact on the Company’s sales; however, the financial impact cannot currently be determined as it is linked to the volume of transactions that may take place through the Platform. |
| Related Parties | None |
| Additional Information | The difference between the date of the award announcement and the contract signing date is due to the company having signed the agreement on 22/02/2026G, whereas the award date is considered to be the date on which the final complete version of the agreement was received on 14/05/2026G. |