MEPCO says fuel price adjusted by Aramco, estimates financial impact

MEPCO said the expected financial impact will be an increase of approximately 1.8% of the total annual sales cost

Middle East Paper Co. (MEPCO) 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 expected financial impact will be an increase of approximately 1.8% of the total annual sales cost, according to the company’s latest audited annual financial statements. This impact will appear starting from the first quarter of 2026.

The company continues to enhance its business efficiency and operate in a responsible and sustainable manner by investing in the development of production technologies and products, whilst maximizing the use of the unique competitive infrastructure available in the Kingdom to achieve its strategic objectives, the statement added.