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Northern Region Cement Co. announces that it has received notice of an adjustment in the prices of fuel products used in production.
| Element List | Explanation |
|---|---|
| Announcement Detail | Northern Region Cement Co. announces that it has received a notification from Saudi Aramco amending the prices of fuel products used in cement production, starting 01-01-2024. The company would like to clarify to its esteemed shareholders that the impact of this amendment will be an increase in the cost of production, noting that the company is working on calculating the impact of that amendment. The expected financial impact will be announced as soon as it is completed. The company will also work during the coming period to explore ways to reduce the financial impact of this amendment on the company’s profits. It should be noted that the financial impact of this amendment will appear starting from the financial results for the first quarter of 2024. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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