Saudi Ceramics says ROSHN deal 'non-binding' with no financial impact

Saudi Ceramic Co. headquarter

Saudi Ceramic Co. (Saudi Ceramics) said the deal recently announced with ROSHN, which is owned by the Public Investment Fund (PIF), is a collaboration agreement for the supply of products and is non-binding on ROSHN, according to a statement to Tadawul today, Feb. 11.

The agreement does not include purchase and supply contracts for specific volumes. It also does not entail any financial or material impact on the company's operations, it added.

Saudi Ceramics confirmed that several purchase and supply agreements were earlier sealed with ROSHN for some of the latter’s projects, which were previously disclosed in the board's 2022 annual report.

The company also said it is constantly working on cooperation and participation in national projects, stressing its keenness and commitment to disclose key events in accordance with the regulations issued by the Capital Market Authority (CMA).

It was reported recently that ROSHN signed a number of agreements, including one with Saudi Ceramics, on the sidelines of the PIF Private Sector Forum.