Northern Cement notified by Aramco of fuel price hike

02/01/2025 Argaam
Logo ofNorthern Region Cement Co.

Logo of Northern Region Cement Co.

Northern Region Cement Co. received a notice from Saudi Arabian Oil Co. (Saudi Aramco) on raising the prices of fuel products as of Jan. 1.

 

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In a statement to Tadawul, the cement producer said that the price change will increase in the cost of production, which will be reflected on the Q1 2025 financial results.

 

The financial impact will be announced once fully calculated, the statement added, noting that the company will work to mitigate the relevant impact.

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