MARAFIQ notified by Aramco to hike energy prices as of today

05:27 PM (Mecca time) Argaam

The Power and Water Utility Co. for Jubail and Yanbu (MARAFIQ) was officially notified by Saudi Aramco on energy price hikes, starting today, Jan. 1.

 

The expected financial impact for the year 2026 is estimated at 5.6% of the total cost of sales, based on the company’s 2024 audited income statement, MARAFIQ said in a statement to Tadawul.

 

This impact is forecast to appear starting from Q1 2026.

 

MARAFIQ affirms that it is working to mitigate the financial impact of this increase by enhancing production efficiency, plant reliability, optimizing asset use, and rationalizing costs.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.