Nama Chemicals receives Aramco’s fuel price adjustment notice

02/01/2025 Argaam
Logo ofNama Chemicals Co.

Logo of Nama Chemicals Co.

Nama Chemicals Co. received an official notice from Saudi Arabian Oil Co. (Saudi Aramco) on the adjustment of fuel product prices, as of Jan. 1.

 

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In a statement to Tadawul today, Jan. 2, the company indicated that this shall result in a near 0.5% financial impact on its cost of sales, according to the latest audited annual financial statements.

 

This impact will be reflected starting from Q1 2025, it noted.

 

The company vowed to continue to work on enhancing its operational efficiency and development in a responsible and sustainable manner. This is while leveraging on the Kingdom’s competitive infrastructure to achieve its strategic objectives.

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