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Yanbu Cement Company announces that it has received a notification from Saudi Aramco regarding an adjustment to the prices of fuel products used in production.
| Element List | Explanation |
|---|---|
| Announcement Detail | Yanbu Cement Company announces that it has received a notification dated 01-01-2026 from Saudi Aramco regarding an adjustment to fuel prices used in the company’s activities, effective from 01-01-2026. The company would also like to clarify to its valued shareholders that this adjustment will have a financial impact on operating costs starting from the results of the first quarter of 2026. The company is currently in the process of calculating the expected financial impact, and it will be announced once the calculation is completed. It is worth noting that, starting from 2024, the company has joined the Industrial Sector Competitiveness Program, which may contribute to offset the impact of price adjustments and improve energy consumption efficiency. The company further affirms its full commitment to implementing the best available procedures and practices to enhance the efficiency of its operations and to grow in a responsible and sustainable manner, in addition to maximizing the benefits of the competitive infrastructure advantages available in the Kingdom of Saudi Arabia to achieve its strategic objectives and guarantee the protection of 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 14.49
Net Change -0.02 (-0.14%)
Value Traded (Sar) 1,579,704.03
Volume Traded 109,044
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