| Introduction | Sadr Logistics Co. Announces the Signing of a Contract with Saudi Ceramic Company for the Supply and Installation of Advanced Storage Systems for the Company’s Central Warehouses in Riyadh City. |
| Date of Announcement of the Award | 2026-04-29 Corresponding to 1447-11-12 |
| Contract Subject Matter | Supply and Installation of Storage Systems (Racking System) for Warehouses. |
| The Entity with Which the Contract was Signed | Saudi Ceramic Company |
| Date of Signing the Contract | 2026-04-29 Corresponding to 1447-11-12 |
| Contract Value | 14,944,250 SAR (Inclusive of Value Added Tax). |
| Contract Details | The contract includes the design, manufacturing, supply, and installation of integrated storage systems (Racking System) and automated systems, with the aim of enhancing operational efficiency and increasing the storage capacity of the client’s warehouses, Saudi Ceramic Company. |
| Contract Duration | The project execution period is 6 months. |
| Financial Impact and the Relevant Period | The financial impact of the contract is expected to be reflected during the third and fourth quarters of 2026. |
| Related Parties | There is an indirect interest for the Chief Executive Officer, Eng. Majed Abdullah Al-Issa, Board Member (Executive Member), through his membership on the Board of Directors of Saudi Ceramic Company in his capacity as a Non-Executive Member. |
| Additional Information | Sadr Logistics Co. confirms that the contract falls within the ordinary course of business and has been concluded under prevailing commercial terms without any preferential benefits. The contract will be presented to the Company’s General Assembly for approval in accordance with the regulatory procedures governing contracts and transactions with related parties. |
