‎Companies report Aramco notice on fuel price changes

‎Companies report Aramco notice on fuel price changes ‎Companies report Aramco notice on fuel price changes

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Logo ofSaudi Aramco

Several Saudi-listed companies announced today, Jan. 1, the receipt of notices from Saudi Aramco regarding adjustments to feedstock and fuel prices, effective immediately.

The companies’ disclosures included the expected financial impact of this adjustment.

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Companies notified of adjustments to feedstock fuel prices

Company

Event

Expected Financial Impact

Disclosure

Riyadh Cement

Adjustment to fuel product prices

Increase in production costs by 6%

Details

Umm Al-Qura Cement

Adjustment to fuel product prices

Increase in production costs

Details

Northern Cement

Adjustment to fuel product prices

Increase in production costs by approximately 11%

Details

MEPCO

Adjustment to fuel product prices

Approximate increase equivalent to 1.8% of total annual cost of sales

Details

Qassim Cement

Fuel price adjustment

Financial impact on production costs

Details

Arabian Cement

Fuel price adjustment

Increase of around 11% in production costs

Details

MARAFIQ

Adjustment to energy product prices

Increase in production costs by 6%

Details

 

Logo ofSaudi Aramco

Several Saudi-listed companies announced today, Jan. 1, the receipt of notices from Saudi Aramco regarding adjustments to feedstock and fuel prices, effective immediately.

The companies’ disclosures included the expected financial impact of this adjustment.

Companies notified of adjustments to feedstock fuel prices

Company

Event

Expected Financial Impact

Disclosure

Riyadh Cement

Adjustment to fuel product prices

Increase in production costs by 6%

Details

Umm Al-Qura Cement

Adjustment to fuel product prices

Increase in production costs

Details

Northern Cement

Adjustment to fuel product prices

Increase in production costs by approximately 11%

Details

MEPCO

Adjustment to fuel product prices

Approximate increase equivalent to 1.8% of total annual cost of sales

Details

Qassim Cement

Fuel price adjustment

Financial impact on production costs

Details

Arabian Cement

Fuel price adjustment

Increase of around 11% in production costs

Details

MARAFIQ

Adjustment to energy product prices

Increase in production costs by 6%

Details

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