| Element List | Explanation |
|---|---|
| Introduction | With reference to the Company’s announcement published on the Tadawul website dated 28/12/1444H (corresponding to 16/07/2023) regarding the fire incident at one of its factories, and the subsequent announcement dated 10/11/1446H (corresponding to 08/05/2025), which stated that the Company had reached a full and final settlement of the insurance claim for all damages resulting from the fire amounting to SAR 120 million, while retaining the value of the salvage resulting from the fire damage, the Company announces that the sorting and sale of the salvage resulting from the fire damage have been completed. |
| Previous Announcement | Saudi Ceramic Company announces the latest developments regarding the fire incident at one of its factories located in the Second Industrial City in Riyadh. |
| Date of Previous Announcement on Saudi Exchange’s Website | 2025-05-08 Corresponding to 1446-11-10 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | All sorting and sale activities related to the salvage resulting from the fire damage have been completed. The net total value of the salvage amounted to SAR 10.6 million, which includes the value of the salvage sold as well as the recoverable value of certain asset components that were sorted and prepared for reuse. An amount of SAR 4.3 million from the salvage value was recognized during the fourth quarter of 2025, while the remaining amount of SAR 6.3 million was recognized during the first quarter of 2026, in accordance with the applicable accounting standards. Accordingly, the Company has completed the settlement of all implications arising from the fire incident at the second sanitary ware factory that occurred on 27/12/1444H (corresponding to 15/07/2023). |
| Reasons For The Delay on The Date of The Event Previously Announced | Not Applicable |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | Not Applicable |
| Delay consequences on the Company’s financial results | The company does not expect this event to have a material financial impact on its business results. |
| Additional Information | The company reaffirms its full commitment to applying the highest standards of risk management and safety and continues its efforts to enhance operational sustainability and protect the interests of its shareholders. |