SIDC unit signs supply agreement with NHC

SIDC said the deal is expected to have a positive impact on its sales.

Saudi Industrial Development Co.’s (SIDC) subsidiary, SIDC Ceramic Factory (CASAVIA), signed an agreement with National Housing Company (NHC) to enhance the supply of sanitary ware products through the “SupplyPro” Platform.

In a statement to Tadawul, the company said the agreement does not include a fixed contract value or guaranteed purchase quantities, as any revenue generated will depend on purchase orders placed through the platform during the agreement term.

The agreement aims to support the supply of sanitary ware products through NHC’s SupplyPro platform, which automates supply chain operations in the construction sector and connects real estate developers, contractors, and end-users with manufacturers to improve supply efficiency.

Under the deal, CASAVIA will list its products on the platform, while prices will remain subject to review and adjustment in line with changes in raw material costs.

SIDC said the agreement is expected to have a positive impact on sales, although the financial effect cannot currently be determined due to its dependence on transaction volumes through the platform.

The company added that the agreement was signed on Feb. 22, while the award date reflects the receipt of the final executed version on May 14.

The agreement runs for two years from Feb. 22, and involves no related parties.