Lime Industries informed by Aramco of fuel price increases

04/01/2024 Argaam
Logo ofSaudi Lime Industries Co.

Logo of Saudi Lime Industries Co.

Saudi Lime Industries Co. received an official notice from Saudi Arabian Oil Co. (Saudi Aramco) on the increase in prices of fuel products used in operating the company’s activities as of Jan. 1, according to a statement to Tadawul.

 

The expected financial impact of such adjustment is still under assessment by the company. This impact is predicted to appear starting from Q1 2024.

 

Lime Industries will also work to study ways to mitigate the financial impact of this amendment on the company’s financial results, the statement added.

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