Saudi Ceramics reveals expected financial impact of fuel price adjustments

10/01/2024 Argaam

Saudi Ceramics reveals expected financial impact of fuel price adjustments

Logo of Saudi Ceramic Co.

Saudi Ceramic Co. (Saudi Ceramics) said that the preliminary estimates for fuel price adjustments suggest that the anticipated financial impact of this increase will hover around 3% for the tile segment's sales costs and less than 1% for other products.

 

The company expects this impact to appear starting in the first quarter of 2024, according to a statement to Tadawul.

 

According to data available on Argaam, Saudi Ceramic recently received a notice from Saudi Arabian Oil Co. (Saudi Aramco) of an increase in the prices of fuel products used in its production operations, effective Jan. 1, 2024.

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