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National Industrialization Co. Announces receiving notification regarding the increase in feedstock prices
2060
TASNEE
-0.51
%
1445/06/22 04/01/2024 08:13:19
| Element List | Explanation |
|---|---|
| Announcement Detail | National Industrialization Company TASNEE announces that it has received a notice from Saudi Arabian Oil Company (Saudi Aramco) regarding an increase in some feedstock prices starting from the 1st of January 2024. The financial impact of this notice is expected to be an increase in the total cost of sales by 2.5% of the associates and joint venture companies, according to the latest audited financial, and it is expected to be reflected starting from the 1st quarter 2024 financials. The company is working to enhance operations and marketing performance and increase productivity in all its facilities. |
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 9.7
Net Change -0.05 (-0.51%)
Value Traded (Sar) 9,196,788.8
Volume Traded 943,691
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