Al Jouf Cement notified by Aramco of fuel price hike

Al Jouf Cement Co.'s plant

Al Jouf Cement Co. received a notice from Saudi Arabian Oil Co. (Saudi Aramco) on the adjustments of prices of fuel products used in cement production, effective Jan 1.

 

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The price adjustment would lead to a rise in production costs, which will appear in the financial results starting Q1 2025, the company said in a statement to Tadawul.

 

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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