Qassim Cement gets fuel price change notice, expects financial impact on output cost

Qassim Cement factory

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

In a statement to Tadawul, the company said this adjustment will have a financial impact on the cost of production starting from the first quarter of 2026.

The company is currently in the process of calculating the anticipated financial impact, and the results will be announced upon completion of the assessment, the statement said.

The company noted that, starting in 2024, it joined the Industrial Sector Competitiveness Program, which is expected to help reduce the financial impact and improve energy consumption efficiency.

It also affirmed its full commitment to implementing best practices and procedures to enhance operational efficiency and achieve responsible and sustainable growth, while maximizing the benefits of the Kingdom’s competitive infrastructure to achieve its strategic objectives and protect shareholders’ rights.