UFG notified of gas price adjustment

05/01/2025 Argaam
Logo ofArabian United Float Glass Co. (UFG)

Logo of Arabian United Float Glass Co. (UFG)

Arabian United Float Glass Co. (UFG) received a notice from the Power and Water Utility Company for Jubail and Yanbu (MARAFIQ) on the adjustment of gas prices used in its operating activities, effective as of Jan. 1.

 

In a statement to Tadawul today, Jan. 5, the company clarified that the relevant financial impact will be an estimated 1.4% increase in the overall cost of sales, based on its latest audited annual financial statements for 2023.

 

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UFG said it has already taken measures to enhance operational efficiency and optimize energy use to mitigate the impact of rising costs.

 

It noted that the related financial impact is set to be reflected in the Q1 2025 results.

 

The company vowed to announce any relevant developments or updates in due course.

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