Yanbu Cement expects a financial impact on operating costs starting from Q1 2026
Yanbu Cement Co. said Saudi Aramco adjusted fuel prices used in the company’s operations, effective Jan. 1, 2026.
In a Tadawul filing, the company stated that the adjustment is expected to affect operating costs starting from Q1 2026, with the financial impact to be disclosed once evaluation is finalized.
It added that it is currently assessing the expected financial impact and will disclose the details once the assessment is completed.
The cement producer also noted that it joined the Industrial Sector Competitiveness Program in 2024, which may help offset the fuel price adjustment and enhance energy consumption efficiency.
Yanbu Cement reaffirmed its commitment to implementing best practices and procedures to improve operational efficiency and pursue responsible and sustainable growth.
It also emphasized its focus on leveraging Saudi Arabia’s competitive infrastructure to achieve its strategic objectives and safeguard shareholders’ rights.
Be the first to comment
Comments Analysis: