Logo ofWatani Iron Steel Co.
Watani Iron Steel Co. Announces The financial impact of amending the electricity and water service tariffs in accordance with the governance procedures for amending the prices of energy and water products. 
Watani Iron Steel Co. (Watani Steel) announced that the adjustment of electricity tariff prices, which will take effect starting Jan. 1, 2027, will lead to an increase of 1.12% in the total cost of sales, based on the company’s latest reviewed preliminary financial statements as of June 30, 2026.
In a statement to Tadawul, the company added that no material financial impact is expected from adjusting water consumption tariffs.
The company also said it will continue to implement measures to improve operational efficiency and optimize energy usage in order to mitigate the impact of these increased costs.
The financial impact will begin to manifest from the first quarter of the 2027 fiscal year, said the company, noting that it will keep its shareholders informed of any further developments or updates regarding this matter.
Logo ofWatani Iron Steel Co.
Watani Iron Steel Co. Announces The financial impact of amending the electricity and water service tariffs in accordance with the governance procedures for amending the prices of energy and water products.
Watani Iron Steel Co. (Watani Steel) announced that the adjustment of electricity tariff prices, which will take effect starting Jan. 1, 2027, will lead to an increase of 1.12% in the total cost of sales, based on the company’s latest reviewed preliminary financial statements as of June 30, 2026.
In a statement to Tadawul, the company added that no material financial impact is expected from adjusting water consumption tariffs.
The company also said it will continue to implement measures to improve operational efficiency and optimize energy usage in order to mitigate the impact of these increased costs.
The financial impact will begin to manifest from the first quarter of the 2027 fiscal year, said the company, noting that it will keep its shareholders informed of any further developments or updates regarding this matter.
