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Qassim Cement Company announces that it has received a notice from Saudi Aramco indicating adjustments to the prices of fuel products.
| Element List | Explanation |
|---|---|
| Announcement Detail | Qassim Cement Company announces that it has received a notification on 01/01/2026 from Saudi Aramco regarding the adjustment of fuel prices used in the company’s activities, starting from 01/01/2026. The company would like to clarify to its distinguished shareholders that this adjustment will have a financial impact on the cost of production starting from the first quarter of 2026. We are currently in the process of calculating the anticipated financial impact, and the results will be announced upon completion of the assessment. It is worth noting that the company joined the industrial sector competitiveness program since beginning of year 2024, which will contribute to reducing the financial impact and improving energy consumption efficiency, and the company reaffirms its full commitment to implementing the best available procedures and practices to enhance the efficiency of its operations and develop them in a responsible and sustainable manner, as well as maximizing the benefits of the competitive infrastructure available in the Kingdom to achieve its strategic objectives and safeguard its shareholders' rights. |
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 42.9
Net Change 0.02 (+0.05%)
Value Traded (Sar) 3,959,301.2
Volume Traded 92,375
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