Riyadh Cement receives notice on fuel price adjustment

Riyadh Cement Co. said it will work to explore ways to mitigate the impact of this adjustment on its financial results.

Riyadh 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 6% increase in production costs. However, the company will work on exploring ways to mitigate the impact on its financial results.

The relevant impact will be realized on the company’s financials starting from Q1 2026, the statement added.

It is worth noting that the company signed a contract today aimed at switching to natural gas as part of a liquid fuel displacement program.

Caption: Riyadh Cement Co. explores ways to mitigate the impact of fuel price adjustment on financial results.