Nama Chemicals receives Aramco notice on sales gas price hike

04/01/2024 Argaam
Logo ofNama Chemicals Co.

Logo of Nama Chemicals Co. 

Nama Chemicals Co. received an official notification from Saudi Arabian Oil Co. (Saudi Aramco) to increase the sales gas (NG) price used as fuel, according to a statement to Tadawul.

 

The expected financial impact of such increase is expected at approximately 0.85% of the company's sales, according to the latest audited annual financial statement.

 

The statement also added that this impact is expected to appear starting from Q1 2024.

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