Yamama Cement informed of fuel price adjustments

  • YC(3.28%)
04/01/2024 Argaam
Yamama Cement's headquarters

Yamama Cement's headquarters

Yamama Cement Co. received a notification from Saudi Arabian Oil Co. (Saudi Aramco) concerning adjustments to the prices of fuel products used in production, effective Jan. 1.

 

The company said in a statement to Tadawul that this amendment will have an impact on the production cost, noting that work is underway to calculate the expected financial impact.

 

Yamama Cement will work to reduce the financial impact of this amendment on the company’s financials, it stressed.

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