‎Al Othaim expects costs to rise on utility tariff hikes

‎Al Othaim expects costs to rise on utility tariff hikes ‎Al Othaim expects costs to rise on utility tariff hikes

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Logo of Abdullah Al Othaim Markets Co.

Abdullah Al Othaim Markets Co.expects changes to electricity, water, and sewage tariffs to increase its annual operating costs by about 0.5% of consolidated revenue, the company said in a statement to Tadawul.

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The impact is expected to begin appearing in its financial results from Q1 2027.

The company said it was implementing measures to rationalize energy consumption and improve operational efficiency to mitigate the impact of higher costs.

Saudi Electricity Co. and National Water Co. announced the tariff changes for residential, non-residential, and government sectors, effective Jan. 1, 2027, according to Argaam data.

 

‎

Logo of Abdullah Al Othaim Markets Co.

Abdullah Al Othaim Markets Co.expects changes to electricity, water, and sewage tariffs to increase its annual operating costs by about 0.5% of consolidated revenue, the company said in a statement to Tadawul.

The impact is expected to begin appearing in its financial results from Q1 2027.

The company said it was implementing measures to rationalize energy consumption and improve operational efficiency to mitigate the impact of higher costs.

Saudi Electricity Co. and National Water Co. announced the tariff changes for residential, non-residential, and government sectors, effective Jan. 1, 2027, according to Argaam data.

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