| Element List | Explanation |
|---|---|
| Announcement Detail | Saudi Ceramics Company announces that the Board of Directors has approved the reassessment of the remaining useful lives of property, plant, and equipment, based on the results of a study conducted by a specialized consulting firm. The study concluded that the remaining useful lives of certain items of property, plant, and equipment will be extended, while the useful lives of some other items will be reduced. An expected positive impact on the financial results for the year 2026 is anticipated in relation to depreciation expenses of property, plant, and equipment for the full year as a result of this reassessment. It should be noted that this accounting event will have no impact on the company’s cash flows. |
