Al Jouf Cement receives Aramco notice on fuel price adjustment

Al Jouf Cement said this adjustment will have a financial impact, resulting in higher production costs

Al Jouf Cement Co. received a notice from Saudi Aramco regarding an adjustment to the prices of fuel products used in cement production, effective Jan. 1.

In a statement to Tadawul, the company said the adjustment will have a financial impact, leading to higher production costs that will be reflected in its first-quarter 2026 results.

Al Jouf Cement added that the expected financial impact is currently being calculated and will be announced once the assessment is complete.

The cement producer also noted that it joined the Industrial Sector Competitiveness Program in 2024, which is expected to help mitigate the financial impact and improve energy efficiency.

Al Jouf Cement reaffirmed its commitment to implementing best practices to enhance operational efficiency and develop its business responsibly and sustainably.

It also emphasized its aim to maximize the benefits of Saudi Arabia’s competitive infrastructure to achieve strategic objectives and protect shareholders’ rights.