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Yanbu Cement Company Announces the latest developments on the received notification from Saudi Aramco regarding the adjustment in the prices of fuel products used in production.
3060
YCC
-0.36
%
1446/07/13 13/01/2025 15:33:54
| Element List | Explanation |
|---|---|
| Previous Announcement | Yanbu Cement Company announces that it has received a notification from Saudi Aramco regarding the adjustment in the prices of fuel products used in production. |
| Date of Previous Announcement on Saudi Exchange’s Website | 2025-01-02 Corresponding to 1446-07-02 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | With reference to the company’s announcement published on Tadawul website on 02/07/1446 corresponding to 02/01/2025, regarding the receipt of a notification letter from Saudi Aramco about the adjustment of fuel product prices used in production, the company would like to clarify to its valued shareholders that the direct financial impact on production estimated to result in an increase of approximately 10%. In addition, the company assures that it will work during the upcoming period to study ways to reduce the financial impact of this adjustment. Nevertheless, the company will continue to implement its plans to reduce costs and raise the efficiency of production and operation. |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | The financial impact of this adjustment is estimated to be around 10% increase in production cost. |
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 22.3
Net Change -0.08 (-0.36%)
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