Aramco hikes fuel prices for 14 cement firms

Najran Cement Co., Al Jouf Cement Co., Southern Province Cement Co., Northern Region Cement Co., Tabuk Cement Co., City Cement Co., Riyadh Cement Co., Hail Cement Co., Umm Al-Qura Cement Co., Yanbu Cement Co., Saudi Cement Co., Arabian Cement Co., Yamama Cement Co. and Qassim Cement Co. received notifications from Saudi Aramco about adjustments to prices of fuel products used in cement production, effective Jan. 1.   

 

In separate statements on Tadawul, the companies stated that this price change would increase production costs.

 

The companies are calculating the expected financial impact, which will be announced once determined. They are also exploring ways to minimize the financial implications of this adjustment on their profits, the statements added.

 

The related financial impact is anticipated to appear in the first quarter of 2024.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Quotes

ACC
26.15
0.15 0.58%
SAUDI CEMENT
41.10
(0.05) (0.12%)
SPCC
33.25
(0.10) (0.30%)
TCC
12.42
(0.06) (0.48%)
YCC
23.66
0.10 0.42%
HCC
11.60
0.02 0.17%
JOUF CEMENT
10.18
(0.02) (0.20%)
NORTHERN CEMENT
8.98
0.01 0.11%
NAJRAN CEMENT
9.18
(0.01) (0.11%)
CITY CEMENT
17.84
0.12 0.68%
UACC
17.98
0.06 0.33%
SAUDI ARAMCO
28.05
0.00 0.00%
RIYADH CEMENT
32.15
(0.05) (0.16%)


Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2024, Argaam Investment, All Rights Reserved
Call Request