Basic Chemical Industries Co. (BCI) said the announced changes to electricity, water and wastewater tariffs, set to take effect on Jan. 1, 2027, are expected to increase its and its subsidiaries’ annual total production costs by around 1%, based on consolidated financial statements.
In a statement to Tadawul, the company said it conducted an initial assessment of the expected financial impact of the changes on its operations and those of its subsidiaries. It added that the changes were introduced in accordance with the governance procedures for amending energy and water product prices.
The financial impact is expected to be reflected in the company’s consolidated financial results starting from Q1 2027.
BCI said it will announce any material developments in this regard in accordance with the relevant regulations and instructions.
Basic Chemical Industries Co. (BCI) said the announced changes to electricity, water and wastewater tariffs, set to take effect on Jan. 1, 2027, are expected to increase its and its subsidiaries’ annual total production costs by around 1%, based on consolidated financial statements.
In a statement to Tadawul, the company said it conducted an initial assessment of the expected financial impact of the changes on its operations and those of its subsidiaries. It added that the changes were introduced in accordance with the governance procedures for amending energy and water product prices.
The financial impact is expected to be reflected in the company’s consolidated financial results starting from Q1 2027.
BCI said it will announce any material developments in this regard in accordance with the relevant regulations and instructions.
