Umm Al-Qura Cement: Production cost to go up 11% on fuel price increase

28/01/2024 Argaam
Logo ofUmm Al-Qura Cement Co.

Logo of Umm Al-Qura Cement Co.

Umm Al-Qura Cement Co. clarified that the direct financial impact of the recent fuel price increase is expected to be an almost 11% rise in production cost. 

 

In a statement to Tadawul today, Jan. 28, the company noted that it will explore during the coming period ways to reduce the impact of this amendment on its financial results. 

 

According to data compiled by Argaam, the cement producer recently received a notice from Saudi Aramco about theadjustment to prices of fuel products used in cement production, effective Jan. 1.    

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