Arabian Cement receives notice from Aramco on fuel price changes

04:05 PM (Mecca time) Argaam
Logo of Arabian Cement Co.

Logo of Arabian Cement Co.

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

 

In a statement to Tadawul, the company said the direct financial impact is expected to result in an approximately 11% increase in production costs.

 

The company will also work in the coming period to explore ways to mitigate the impact of this adjustment on its financial results.

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