Production cost to leap 14% on adjusted fuel products prices: Arabian Cement

16/01/2024 Argaam
Logo ofArabian Cement Co.

Logo of Arabian Cement Co.

Arabian Cement Co. estimates a 14% increase in the cost of production as a direct financial impact of the recent adjustments in prices of fuel products.

 

In a statement to Tadawul, the company said that it will work during the coming period to examine ways to reduce the financial impact of this amendment on the financial results. 

 

 According to data available on Argaam, the cement producer announced that it recently received a notification from Saudi Aramco on the amendment of the selling prices of fuel products used in cement production, starting January 1.

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