Saudi Ceramics spins off Desert Mines brand into wholly owned unit

Saudi Ceramic Co. (Saudi Ceramics) announced the completion of the procedures required to convert the Desert Mines branch into a wholly owned, one-person closed joint-stock company, according to a statement to Tadawul.

The Desert Mines branch specializes in mining, quarrying, and processing of industrial raw materials.

The conversion was finalised after fulfilling all regulatory requirements and receiving the necessary approvals from the relevant authorities, the statement added.

The move will have no material financial impact on its financial results.

The transformation comes as part of the company’s strategy to enhance operational efficiency, support sustainable growth, and create added value for the company and its shareholders, within the framework of a broader plan to restructure its operating segments to strengthen focus on core activities and improve governance and management efficiency.

According to data available on Argaam, the company was established in 2008 as a mining arm aimed at supporting integration across its manufacturing operations. The company has since expanded to become a supplier to all of its own plants as well as to third-party factories, driven by rising domestic and external demand for a number of materials, including feldspar.