‎Maaden notified of fuel price update

‎Maaden notified of fuel price update ‎Maaden notified of fuel price update

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Saudi Arabian Mining Co. (Maaden)headquarters

Saudi Arabian Mining Co. (Maaden) received a notice from Saudi Arabian Oil Co. (Saudi Aramco) regarding adjustments to the prices of fuel products, effective Jan. 1.

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In a statement to Tadawul, the company said the fuel price adjustment is expected to increase Cost of sales (COS) by approximately 2.1%. This impact will be reflected starting in the first quarter of 2025.

To mitigate this effect, Maaden is working to reduce the financial impact on its financials.

 

Saudi Arabian Mining Co. (Maaden)headquarters

Saudi Arabian Mining Co. (Maaden) received a notice from Saudi Arabian Oil Co. (Saudi Aramco) regarding adjustments to the prices of fuel products, effective Jan. 1.

In a statement to Tadawul, the company said the fuel price adjustment is expected to increase Cost of sales (COS) by approximately 2.1%. This impact will be reflected starting in the first quarter of 2025.

To mitigate this effect, Maaden is working to reduce the financial impact on its financials.

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