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The companies’ disclosures included the expected financial impact of this adjustment.
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Companies notified of adjustments to feedstock & fuel prices |
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Company |
Event |
Expected Financial Impact |
Disclosure |
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Riyadh Cement |
Adjustment to fuel product prices |
Increase in production costs by 6% |
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|
Umm Al-Qura Cement |
Adjustment to fuel product prices |
Increase in production costs |
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Northern Cement |
Adjustment to fuel product prices |
Increase in production costs by approximately 11% |
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MEPCO |
Adjustment to fuel product prices |
Approximate increase equivalent to 1.8% of total annual cost of sales |
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Qassim Cement |
Fuel price adjustment |
Financial impact on production costs |
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Arabian Cement |
Fuel price adjustment |
Increase of around 11% in production costs |
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MARAFIQ |
Adjustment to energy product prices |
Increase in production costs by 5.6% |
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