‎Saudi Ceramics spins off Desert Mines into wholly owned unit

‎Saudi Ceramics spins off Desert Mines into wholly owned unit ‎Saudi Ceramics spins off Desert Mines into wholly owned unit

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Saudi Ceramics says the conversion of its Desert Mines branch will have no material financial impact

Saudi Ceramic Co. (Saudi Ceramics) has completed all procedures required to convert the Desert Mines branch into a wholly-owned, one-person closed joint-stock firm, according to a statement to Tadawul.

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The step followed the fulfillment of all regulatory requirements and the receipt of the necessary approvals from the competent regulatory authorities, the statement added.

 

Saudi Ceramics says the conversion of its Desert Mines branch will have no material financial impact

Saudi Ceramic Co. (Saudi Ceramics) has completed all procedures required to convert the Desert Mines branch into a wholly-owned, one-person closed joint-stock firm, according to a statement to Tadawul.

The step followed the fulfillment of all regulatory requirements and the receipt of the necessary approvals from the competent regulatory authorities, the statement added.
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