Saudi Ceramic Co. — Capital/Financing Update 2012

Feb 13, 2012

Saudi Ceramic Company announces that its Board of Directors has given approval to a new production line at the first Factory in Riyadh.

2040 · 13/02/2012 16:24:01 · Announcement #24081 · View on Saudi Exchange

Saudi Ceramic Company announces that its Board of Directors has given approval to a new production line at the first Factory in Riyadh.

Saudi Ceramics Board of Directors In their meeting held on 13/02/2012 has approved the scheme of a new tiles production line with a capacity of 4 millions m? annually,expecting the project will finish in the begging of the year 2013. After the completion of this Project the designed production capacity of the tiles Plants will reach 64 million m?. If the project is operated at full capacity, the expect sales increase will be SR 64 millions per year, bearing in mind that the cost of this project will be around SR 22.5 millions.

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.