Logo ofSaudi Kayan Petrochemical Co.
Saudi Kayan Petrochemical Co. received an official notice from Saudi Arabian Oil Co. (Saudi Aramco) on a hike in feedstock prices, the company said in a statement to Tadawul. 
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The company expects that the related financial impact to be an increase by 1.3% in the annual cost of sales according to the latest audited annual financial statements, noting that this impact will appear on its financial statements starting from Q1 2025.
Saudi Kayan also said it continues to work on boosting its business efficiency and development in a responsible and sustainable manner, investing in innovation and development of production technologies and products, as well as maximizing the use of the advantages of the competitive infrastructure available in the Kingdom to achieve its strategic objectives.
Logo ofSaudi Kayan Petrochemical Co.
Saudi Kayan Petrochemical Co. received an official notice from Saudi Arabian Oil Co. (Saudi Aramco) on a hike in feedstock prices, the company said in a statement to Tadawul.
For more news on listed companies
The company expects that the related financial impact to be an increase by 1.3% in the annual cost of sales according to the latest audited annual financial statements, noting that this impact will appear on its financial statements starting from Q1 2025.
Saudi Kayan also said it continues to work on boosting its business efficiency and development in a responsible and sustainable manner, investing in innovation and development of production technologies and products, as well as maximizing the use of the advantages of the competitive infrastructure available in the Kingdom to achieve its strategic objectives.
