14 Hrs
Source:
الاقتصادية
Saudi ceramics restart after fire with added costs
Al-Khozama Saudi Company announced the resumption of operation for its tile production line affected by the fire at the power station supplying it, utilizing alternative energy sources until the damaged station is rebuilt. The company estimated the additional costs resulting from reliance on alternative energy at 1.8 million SAR per month. The net value of the affected assets was valued at 1.3 million SAR, with losses to be recorded in the third quarter of 2026. Currently, the company is working to complete the insurance claim procedures to cover the losses from the work stoppage and additional costs, with an expectation of returning to the use of normal energy sources after the power station is reconstructed.
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