The Saudi Ceramic Company announced that it obtained Murabaha financing in compliance with Islamic Sharia through a number of banks with the aim of refinancing existing loans. Date of obtaining the funding was July 15, 2021. Financing entities were The Saudi British Bank and Bank Saudi Fransi Financing. Amount: SAR 592 million. Financing duration: 5-year Murabaha agreement to be repaid on a quarterly basis through 20 installments distributed over the next five years. Guarantees offered for the financing: the financing agreements do not include any mortgages or financial guarantees. Financing objective: primarily, the goal is to refinance existing loans in order to reduce the interest costs, in addition to meeting the company's future funding needs.