Saadi Tile & Ceramic Factories (KSAD) Lifts Its Selling Price 30%, on a Product That Made 98% of Last Year's Revenue

Saadi Tile & Ceramic Factories (KSAD) said in a Group A material disclosure on Codal (tracing no. 1632902, an amended version published on 11 November 2026, 20 Aban 1405) that its board approved a higher selling price for tiles and ceramics on 10 November 2026 (19 Aban 1405), effective the same day. The price moves from 6,081,751 to 7,906,276, about 30% above the previous rate (figures as printed in the disclosure form).

The company says tiles and ceramics made up 98% of its revenue in the previous financial year. It states that the increase in direct and indirect raw material costs, together with the rise in its product prices, affects less than 10% of last year's operating profit.