‎Yanbu Cement: Fuel price hike to raise production costs by 10%

‎Yanbu Cement: Fuel price hike to raise production costs by 10% ‎Yanbu Cement: Fuel price hike to raise production costs by 10%

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Yanbu Cement Co. headquarters

Yanbu Cement Co.said fuel price hike by Saudi Aramcowill directly impact production costs, increasing them by nearly 10%.

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The company also emphasized that it would work in the coming period to explore ways to mitigate the financial impact of this adjustment, noting that it will continue to implement plans to reduce costsas well asraise production and operational efficiency.

For more news on listed companies

According to data available to Argaam,Yanbu Cement was notified by Aramco of raising fuel prices, effective Jan. 1, 2025. The impact will be reflected in the company’s financial results starting in Q1 2025

 

Yanbu Cement Co. headquarters

Yanbu Cement Co.said fuel price hike by Saudi Aramcowill directly impact production costs, increasing them by nearly 10%.

The company also emphasized that it would work in the coming period to explore ways to mitigate the financial impact of this adjustment, noting that it will continue to implement plans to reduce costsas well asraise production and operational efficiency.

For more news on listed companies

According to data available to Argaam,Yanbu Cement was notified by Aramco of raising fuel prices, effective Jan. 1, 2025. The impact will be reflected in the company’s financial results starting in Q1 2025
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