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Hail Cement Company announces the receipt of a notification of amendments of fuel oil prices from Aramco Company
| Element List | Explanation |
|---|---|
| Announcement Detail | Hail Cement Company announces to its shareholders that it has received a notification from Aramco Company on 2/1/2024 AD related to prices changes of Fuel Oil used in production operations, effective January 1, 2024 AD. The company is currently studying the financial impact of prices changes on the company’s production cost, which will be expected to occur starting from the results of the first quarter of the fiscal year 2024. The company is also studying and seeking ways to mitigate this impact to enable the company to achieve its goals. The company will announce to shareholders any developments or updates in this regard in due course. |
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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