Qassim Cement notified of fuel price changes

02/01/2025 Argaam
Logo of Qassim Cement Co.

Logo of Qassim Cement Co.

Qassim Cement Co. (QCC) received a notice from Saudi Arabian Oil Co. (Saudi Aramco) regarding adjustments to fuel prices used in the company’s operations, effective Jan. 1.

 

In a statement to Tadawul, the company said this adjustment will have a financial impact on production costs, which will appear in the financial results starting Q1 2025.

 

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The company is currently assessing the expected financial impact and will announce the details once the calculation is complete.

 

The cement producer joined the Industrial Sector Competitiveness Program in 2024, which will help mitigate the financial impact and improve energy consumption efficiency.

 

Qassim Cement reiterated its commitment to implementing the best available practices to enhance its operations and growth in a sustainable manner, while maximizing the benefits of the competitive infrastructure in the Kingdom to achieve its strategic goals.

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