These listed firms get Aramco’s notice on feedstock, fuel price hikes
Tadawul trading screen
Several Saudi-listed companies received today, Jan. 1, a notice from Saudi Aramco on raising feedstock and fuel prices as of today, Jan. 1.
The companies’ announcements included the relevant financial impact, as follows:
Listed Firms that Received Aramco’s Notice |
|||
Company |
Event |
Financial Impact |
Announcement |
MARAFIQ |
Energy price adjustment |
13.48% increase in cost of sales |
|
GASCO |
Diesel price adjustment |
Additional cost estimated at nearly SAR 25 mln |
|
Saudi Cement |
Fuel price adjustment |
Nearly 8% increase in cost of production |
|
Northern Cement |
Gas and diesel price adjustment |
Nearly 3% increase in cost of sales |
|
Zoujaj |
Gas price adjustment |
Nearly 1.2% increase in cost of sales |
|
Nama Chemicals |
Fuel price adjustment |
Nearly 0.5% increase in cost of sales |
|
Lime Industries |
Fuel price adjustment |
Higher production cost |
|
Al-Jouf Agricultural |
Fuel price adjustment |
Nearly 10% increase in cost of sales |
|
Saudi Kayan |
Feedstock price adjustment |
Nearly 1.3% increase in cost of sales |
|
Luberef |
Sale gas price adjustment |
0.2% increase in cost of sales or nearly SAR 13.5 mln |
|
Yansab |
Feedstock price adjustment |
Nearly 2.6% increase in cost of sales |
|
SABIC AN |
Feedstock price adjustment |
Nearly 3.7% increase in cost of sales |
|
SABIC |
Feedstock price adjustment |
Nearly 1% increase in cost of sales |
|
NADEC |
Fuel price adjustment |
1.5% increase in operating cost |
|
Saudi Ceramics |
Fuel price adjustment |
Higher production cost |
|
Qassim Cement |
Fuel price adjustment |
Higher production cost |
|
Yamama Cement |
Fuel price adjustment |
Higher production cost |
|
Almarai |
Diesel price adjustment |
Additional cost of SAR 200M and an indirect cost as well |
|
Sipchem |
Feedstock price adjustment |
2% increase in cost of sales |
|
AMAK |
Fuel price adjustment |
2.5% increase in cost of sales |
|
SIIG |
Fuel, feedstock price adjustment |
Aggregate 1% increase in cost of sales from subsidiaries |
|
Yanbu Cement |
Fuel price adjustment |
Higher production cost |
|
Najran Cement |
Fuel price adjustment |
10% increase in operating cost |
|
Tasnee |
Fuel, feedstock price adjustment |
1.85% increase in cost of sales for subsidiaries and JVs |
|
Al Jouf Cement |
Fuel price adjustment |
Higher production cost |
|
City Cement |
Fuel price adjustment |
Higher production cost |
|
Northern Cement |
Fuel price adjustment |
Higher production cost |
|
Southern Province |
Fuel price adjustment |
Higher production cost |
|
Arabian Cement |
Fuel price adjustment |
A 10% rise in production costs |
|
Chemanol |
Methane price adjustment |
A rise of nearly 2.2% in annual costs |
|
Riyadh Cement |
Fuel price adjustment |
Higher production cost |
|
Umm Al-Qura Cement |
Fuel price adjustment |
Higher production cost |
|
NGDC |
Natural gas price adjustment |
Higher annual revenue |
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