Saudi Ceramics sorts, sells salvage from fire-affected plant for SAR 10.6M

Saudi Ceramics says salvage is from fire at one of its factories in Second Industrial City, Riyadh

Saudi Ceramic Co. (Saudi Ceramics) completed sorting and sale of salvage from the fire at one of its factories located in the Second Industrial City, Riyadh.

The net total value of the salvage stood at SAR 10.6 million, the company said in a statement to Tadawul.

The amount includes the value of the salvage sold and the recoverable value of certain asset components prepared for reuse.

SAR 4.3 million from the salvage value was recognized during Q4 2025, and SAR 6.3 million in Q1 2026, in accordance with the applicable accounting standards.

Accordingly, the company completed the settlement of all implications arising from the fire incident at the second sanitaryware plant that occurred on July 15, 2023.

Saudi Ceramics reaffirmed its commitment to highest standards of risk management and safety. It continues its efforts to enhance operational sustainability and protect the interests of its shareholders, the statement added.

According to Argaam data, the company announced, in July 2023, that a blaze broke out in the second sanitaryware plant in Riyadh 2nd Industrial City.