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Arabian Cement Company announces that it has received notice of an adjustment in the prices of fuel products used in production
| Element List | Explanation |
|---|---|
| Announcement Detail | Arabian Cement Company announces that it has received on 02-01-2024 a notification from Saudi Arabian Oil Co. (Saudi Aramco) amending the prices of fuel products used in cement production, starting from 01-01-2024. The company would like to clarify to its esteemed shareholders that this amendment will increase cost of production, noting that the company is working on calculating the expected financial impact. The company will also work during the coming period on exploring ways to reduce the impact of this amendment on the company’s financial results. |
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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Last Price 22.81
Net Change -0.24 (-1.04%)
Value Traded (Sar) 1,929,430.82
Volume Traded 84,037
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