SIIG expects higher expenses on energy price hikes

07/01/2016 Argaam

Saudi Industrial Investment Group (SIIG) said it expects expenses to rise by SAR 140-180 million as a result of last week’s decision by the Saudi cabinet to increase ethane, feedstock, fuel and electricity prices.

Impact will be reflected on financial results starting in the coming quarters, the company added in a statement to Tadawul.


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