Tabuk Cement says fuel product prices adjusted by Saudi Aramco

Tabuk Cement's factory

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

In a statement to Tadawul, the cement producer said these price adjustments will increase production costs starting Q1 2025.

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The expected financial impact will be announced once the calculation is completed.

The cement producer will explore ways to reduce the impact of price rise on the financial results.

Last year, Tabuk Cement joined the Industrial Sector Competitiveness Program to reduce the financial impact and enhance energy efficiency.