IssuerAnnouncementDetailsV2Portlet
announcement from Al-Jouf Cement Company About the latest developments regarding its receipt of notice of an adjustment in the prices of fuel products and diesel used in production.
Element List | Explanation |
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Introduction | Referring to the company’s announcement published on 02-01-2025 corresponding to 02-07-1446H regarding its receipt of notice from Aramco of an adjustment to the prices of fuel products and diesel, the company would like to clarify the expected financial impact of this amendment. |
Previous Announcement | Al-Jouf Cement Company announces that it has received notice of an 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 | The company announces that the direct financial impact is estimated to be an increase of approximately 10.1% in the company's Production costs Based on the latest audited financial statements, Including increasing alternative fuel prices and diesel The company would also like to assure its esteemed shareholders that it will work during the coming period to explore ways to reduce the financial impact of this adjustment , and will continue to implement its plans to reduce costs and improve production and operating efficiency. It will also work with government agencies to explore ways to diversify energy sources |
Reasons For The Delay on The Date of The Event Previously Announced | Not applicable |
The costs associated with the event, and if they have changed or not with indication of the reasons. | The direct financial impact is estimated at an increase in the Production costs by approximately 10.1% Based on the latest audited financial statements, and this impact is expected to appear starting from the results of the first quarter of the year 2025. |
Delay consequences on the Company’s financial results | Not applicable |
Additional Information | None |
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.