Lime Industries joins Industrial Sector Competitiveness Program

18/08/2024 Argaam
Logo ofSaudi Lime Industries Co.

Logo of Saudi Lime Industries Co.

Saudi Lime Industries Co. jointed Industrial Sector Competitiveness Program by signing the Industrial Sector Competitiveness Framework Agreement, which includes the providing several immediate and developmental solutions aimed at enhancing the competitiveness of existing industrial companies in the Kingdom of Saudi Arabia.

 

As a result, the financial impact is reflected in a reduction on operation costs from 11% to 4%, it added, in a statement to Tadawul.

 

For More Mergers and Acquisitions

 

The company also emphasized its commitment to implementing the best available procedures and practices to reduce the financial impact, enhance the efficiency of its operations, and achieve improved and sustainable growth, all with the aim of maximizing shareholder value.

 

The company received earlier 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, 2024, according to data available to Argaam.

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