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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.

3091
JOUF CEMENT
-0.53 %
1446/07/14     14/01/2025 08:09:22

Element ListExplanation
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.

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Last Price 11.36
Net Change -0.06 (-0.53%)
Value Traded (Sar) 1,199,270.42
Volume Traded 105,555
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