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Saadi Tile and Ceramics Raises Selling Rate, Flags Higher Input Costs

Sahmino Newsroom | 10 November 2026 | 16 hours ago

KSADdown1.0%23,700rials10 November

Saadi Tile and Ceramics (KSAD) said in a Group A Codal disclosure published on Tuesday, November 10, 2026, that its board approved a higher selling rate for tiles and ceramics effective that same day. The company says the product accounted for 98% of its total revenue in the previous fiscal year. It also reported higher direct and indirect input costs and described the effect of the changes on last year's operating profit as less than 10%; the rate rise alone does not establish a profit increase.

Reference:CodalThe original report

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