Al-Jouf Agricultural Development said fuel price amendment will result in an increase in production and distribution costs.
Al-Jouf Agricultural Development Co. received a notice from Saudi Aramco on Jan. 1 regarding adjustment to fuel prices used in its operations, effective immediately. 
In a statement to Tadawul, the company said this amendment will result in an increase in production and distribution costs.
The direct financial impact is estimated at approximately 2% of total costs, based on the latest audited annual financial statements for 2024. This impact is expected to appear starting from Q1 2026.
At the end of 2024, the company joined the Industrial Sector Competitiveness Program, which will contribute to reducing the financial impact and improving energy consumption efficiency, the statement added.
Al-Jouf Agricultural also reaffirmed its full commitment and continuous efforts to enhance the efficiency of its operational processes and improve productivity.
According to data available on Argaam, the company announced last March that, following its participation in the Industrial Sector Competitiveness Program, the solutions provided helped reduce the impact of higher production costs introduced at the beginning of January to around 6% of total costs, compared with about 7% previously, according to the latest audited annual financial statements for 2024.
Al-Jouf Agricultural Development said fuel price amendment will result in an increase in production and distribution costs.
Al-Jouf Agricultural Development Co. received a notice from Saudi Aramco on Jan. 1 regarding adjustment to fuel prices used in its operations, effective immediately.
In a statement to Tadawul, the company said this amendment will result in an increase in production and distribution costs.
The direct financial impact is estimated at approximately 2% of total costs, based on the latest audited annual financial statements for 2024. This impact is expected to appear starting from Q1 2026.
At the end of 2024, the company joined the Industrial Sector Competitiveness Program, which will contribute to reducing the financial impact and improving energy consumption efficiency, the statement added.
Al-Jouf Agricultural also reaffirmed its full commitment and continuous efforts to enhance the efficiency of its operational processes and improve productivity.
According to data available on Argaam, the company announced last March that, following its participation in the Industrial Sector Competitiveness Program, the solutions provided helped reduce the impact of higher production costs introduced at the beginning of January to around 6% of total costs, compared with about 7% previously, according to the latest audited annual financial statements for 2024.
