Umm Al-Qura Cement: Production cost to go up 11% on fuel price increase

28/01/2024 Argaam

Umm Al-Qura Cement: Production cost to go up 11% on fuel price increase

Logo of Umm Al-Qura Cement Co.

Umm Al-Qura Cement Co. clarified that the direct financial impact of the recent fuel price increase is expected to be an almost 11% rise in production cost. 

 

In a statement to Tadawul today, Jan. 28, the company noted that it will explore during the coming period ways to reduce the impact of this amendment on its financial results. 

 

According to data compiled by Argaam, the cement producer recently received a notice from Saudi Aramco about theadjustment to prices of fuel products used in cement production, effective Jan. 1.    

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

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

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
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.

Most Read