IssuerAnnouncementDetailsV2Portlet
Addendum announcement from Power and Water Utility Company for Jubail and Yanbu (Marafiq) regarding the notification received about increasing the prices of energy products
Element List | Explanation |
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Introduction | Further to the Company’s announcement in Tadawul website on 22-06-1445 corresponding to 04-01-2024 regarding the Company’s receipt of a notification which includes an increase in the prices of energy products, the Company would like to clarify the expected financial impact during the year 2024. |
Date of Posting the Previous Announcement of Development on Saudi Exchange’s Website | 2024-01-04 Corresponding to 1445-06-22 |
Hyperlink to the Previous Announcement | Click Here |
Change on the Development | The Company would like to clarify to its valued shareholders that the expected financial impact of the increase in energy prices for the year 2024 is estimated to be 14% in the total cost of sales, based on the Company’s latest audited annual financial statements. |
Financial Impact on the change | The expected financial impact of the increase in energy prices for the year 2024 is estimated to be 14% in the total cost of sales, based on the Company’s latest audited annual financial statements. |
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.