On May 17, 2026, Saudi Industrial Development Company (SIDC) announced that its branch SIDC Ceramic Factory "CASAVIA" signed an agreement with National Housing Company (NHC) on February 22, 2026, to supply sanitary ware products through NHC's "SupplyPro" platform. The two-year agreement aims to stabilize supply chain material prices and enhance automation in the construction sector by connecting real estate developers, contractors, and end-users with factories. The contract does not specify a fixed value or guaranteed purchase quantities, with revenues dependent on actual purchase orders placed through the platform during the agreement term. The company expects a positive impact on sales, though the financial impact cannot be determined as it depends on transaction volumes through the platform.

Original announcement:

Note: The original announcement does not explicitly specify a currency unit. Figures above are reproduced as-is. Please refer to the original announcement for details.

Important Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.