Arabian Cement Company announces that it has received notice of an adjustment in the prices of fuel products used in production
| Element List | Explanation |
|---|---|
| Announcement Detail | Arabian Cement Company announces that it has received on 02-01-2024 a notification from Saudi Arabian Oil Co. (Saudi Aramco) amending the prices of fuel products used in cement production, starting from 01-01-2024.
The company would like to clarify to its esteemed shareholders that this amendment will increase cost of production, noting that the company is working on calculating the expected financial impact. The company will also work during the coming period on exploring ways to reduce the impact of this amendment on the company’s financial results. |
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