| Element List |
Explanation |
| Introduction |
Further to Northern Region Cement Co. announcement published on Tadawul website on 21/06/1445 AH corresponding to 03/01/2024 AD regarding receipt of notice from Saudi Arabian Oil Co. (Saudi Aramco) amending the prices of fuel products used in cement production, the company would like to clarify the expected financial impact. |
| Date of Posting the Previous Announcement of Development on Saudi Exchange’s Website |
2024-01-03 Corresponding to 1445-06-21 |
| Hyperlink to the Previous Announcement |
Click Here |
| Change on the Development |
The company would like to clarify that the direct financial impact is expected to be around 14% increase in production cost. The company will also work during the coming period on exploring ways to reduce the impact of this amendment on the financial results. |
| Financial Impact on the change |
The direct financial impact is expected to be around 14% increase in production cost. |
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