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Saudi Lime Industries Company and its subsidiary announces receiving a notification regarding the modification of fuel prices used in production
| Element List | Explanation |
|---|---|
| Announcement Detail | Saudi Lime Industries Company and its subsidiary announce that they have received a notice from Saudi Aramco regarding the modification of fuel prices used in their operational activities, effective from 01/01/2025, The company would also like to clarify to its shareholders that this amendment will result in a financial impact reflected in an increase in production costs. This financial impact is expected to be evident starting from the first-half results of 2025. It is worth noting that Saudi Lime Industries Company and its subsidiary joined the Industrial Sector Competitiveness Program starting in 2024, which will contribute to reducing the financial impact and improving energy consumption efficiency. We would like to confirm that efforts are underway to implement its plans to reduce costs and enhance production and operational efficiency to minimize this impact. |
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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