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Saudi Cement Company announces that it received a notification from Saudi Aramco amending the prices of fuel products used in operating the company’s plant.
| Element List | Explanation |
|---|---|
| Announcement Detail | Saudi Cement Company announces that it received a notification from Saudi Aramco amending the prices of fuel products used in operating the company’s plant starting from January 1, 2024. This amendment will have a financial impact on the cost of production starting from the first quarter of 2024. Work is underway to calculate the expected financial impact and will be announced upon completion of its calculation. The company will also work to study ways to reduce the financial 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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