Tasnee gets fuel price increase notice from Aramco

02/01/2025 Argaam
Logo ofNational Industrialization Co. (Tasnee)

Logo of National Industrialization Co. (Tasnee)

National Industrialization Co. (Tasnee) received a notice from Saudi Arabian Oil Co. (Saudi Aramco) on the price adjustments of certain feedstock and fuel, effective Jan 1, according to a Tadawul statement.

 

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The price adjustment is expected to raise the total cost of sales for the company's subsidiaries and joint ventures by 1.85% based on the latest annual financial statements.

 

This impact will be reflected starting from Q1 2025.

 

The company will improve efficiency and sustainability in its operations while maximizing Saudi Arabia's infrastructure to achieve its strategic objectives.

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