Logo ofNational Building Marketing Co.
National Building Marketing Co. announced that the update to the tariffs for electricity services, to take effect starting January 1, 2027, will lead to an increase in energy costs incurred by its subsidiary. Ajeej Steel Manufacturing Co., by approx. SAR 3.5 million, beginning in 2027. 
Meanwhile, there will unlikely be a change to the water consumption tariff; therefore, there is no material financial impact, it added, in a statement to Tadawul.
The company also noted that the figures provided above are preliminary estimates; the actual impact may vary depending on actual consumption levels and operational costs throughout the fiscal year.
Furthermore, the company is currently evaluating available options to mitigate the impact of these costs and improve operational spending efficiency to ensure the sustainability of its business.
The company will announce any relevant material developments in accordance with applicable regulatory requirements.
Logo ofNational Building Marketing Co.
National Building Marketing Co. announced that the update to the tariffs for electricity services, to take effect starting January 1, 2027, will lead to an increase in energy costs incurred by its subsidiary. Ajeej Steel Manufacturing Co., by approx. SAR 3.5 million, beginning in 2027.
Meanwhile, there will unlikely be a change to the water consumption tariff; therefore, there is no material financial impact, it added, in a statement to Tadawul.
The company also noted that the figures provided above are preliminary estimates; the actual impact may vary depending on actual consumption levels and operational costs throughout the fiscal year.
Furthermore, the company is currently evaluating available options to mitigate the impact of these costs and improve operational spending efficiency to ensure the sustainability of its business.
The company will announce any relevant material developments in accordance with applicable regulatory requirements.
