Arabian Cement notified by Aramco of fuel price hike

01/01/2025 Argaam
Logo of Arabian Cement Co.

Logo of Arabian Cement Co.

Arabian Cement Co. received today, Jan. 1, a notice from Saudi Arabian Oil Co. (Saudi Aramco) on raising the prices of fuel products as of today.

 

In a statement to Tadawul, the cement producer estimated the direct financial impact at a 10% rise nearly in production costs.

 

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The company will work on reducing this impact on its financial results, the statement added.

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