Saudi Ceramic Completes Fire Salvage Recovery Worth SAR 10.6M

SAUDI CERAMICS +0.84%

SAUDI CERAMICS

2040.SA

28.86

+0.84%

Saudi Ceramic Company announced on March 24, 2026 the completion of salvage sorting and sale activities related to a fire incident at its Second Industrial City factory in Riyadh that occurred in July 2023. The company recovered a net total salvage value of SAR 10.6 million, with SAR 4.3 million recognized in Q4 2025 and SAR 6.3 million in Q1 2026. This concludes all settlement activities related to the fire incident, following the previous SAR 120 million insurance claim settlement announced in May 2025. The company expects no material financial impact on its business results from this event.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=93775&anCat=1&cs=2040&locale=ar

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