Saudi Ceramics notified of fuel price increase

04/01/2024 Argaam
Logo ofSaudi Ceramics Co.

Logo of Saudi Ceramics Co.

Saudi Ceramics Co. received a notification from Saudi Arabian Oil Co. (Saudi Aramco) regarding the increase in fuel prices used in production processes, effective Jan. 1.

 

According to a statement to Tadawul, the company said the price increase will impact production costs.

 

The company expects the financial impact to appear in the first quarter of 2024, the statement added.

 

Saudi Ceramics emphasized its commitment to enhancing operational efficiency in the coming period to alleviate the financial impact of this increase on its profits.

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