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Saudi Lime Industries Company and its subsidiary announce the latest developments on receiving a notification regarding the modification of fuel prices used in production
| Element List | Explanation |
|---|---|
| Introduction | Saudi Lime Industries Company refers to its announcement published on the Tadawul website on 02-07-1446 corresponding to 02-01-2025, regarding the receipt of a notification related to the modification of fuel prices used in its operational activities, the company would like to disclose the expected financial impact accordingly. |
| Previous Announcement | Saudi Lime Industries Company and its subsidiary announce receiving a notification regarding the modification of fuel prices 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 the expected financial impact resulting from the modification of fuel product prices. The company also affirms its full commitment to continuing the implementation of the best available procedures and practices to mitigate the financial impact, enhance the efficiency of its operations, and foster improved and sustainable growth, to maximize shareholder value. It is worth noting that in 2024, the company joined the Industrial Sector Competitiveness Program, which contributes to reducing the financial impact and improving energy consumption efficiency. |
| Reasons For The Delay on The Date of The Event Previously Announced | N/A |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | The expected financial impact from the modification of fuel product prices is represented by a 3.5% increase in total production costs, after accounting for the support from the Industrial Sector Competitiveness Program, effective from January 1, 2025. |
| Delay consequences on the Company’s financial results | N/A |
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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