Saudi Ceramics in talks with Turkey s Eyap for Saudi JV plant zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.
RIYADH: Saudi Arabia’s Tadawul All Share Index continued its upward trend on Monday, as it increased by 131 points – or 1.19 percent – to 11,163.57, driven by increased investor confidence. It was the last session before Saudi Arabia’s stock exchange closes for the Eid Al-Fitr holidays, and will resume operations on April 25. The parallel market Nomu went up by 178.24 points –
Saudi Ceramics, a key building solutions provider, said it is in talks with Turkish sanitaryware group Eczacibasi Yapi Gerecleri (EYAP) to jointly set up a new venture in KSA that will specialise in the manufacture of its leading brands such as Vitra.
Saudi Ceramics, a key building solutions provider, has announced that its net profit for the first three months plunged 71% to SR14.7 million ($3.9 million) from SR51.2 million ($13.6 million) last year, while its revenue hit SR369 million ($98 million).