City Cement gets Aramco notice on fuel price adjustment

City Cement said this adjustment will have a financial impact, resulting in higher production costs.

City Cement Co. received a notice from Saudi Aramco regarding an adjustment to the prices of fuel products used in cement production, effective Jan. 1.

In a statement to Tadawul, the company said the adjustment will affect production costs as of Q1 2026.

City Cement added that the expected financial impact is being calculated and will be announced once the assessment is complete.

The cement producer also noted that it joined the Industrial Sector Competitiveness Program in 2024, which is expected to help mitigate the financial impact and improve energy efficiency.

The company further reaffirmed its full commitment to implementing the best available procedures and practices to enhance the efficiency of its operations and develop them in a responsible and sustainable manner. In addition, the company seeks to maximize the benefits of the competitive infrastructure available in the Kingdom to achieve its strategic objectives and safeguard its shareholders' rights.