Southern Cement gets fuel price adjustment notice from Aramco

01/01/2025 Argaam
One of Southern Province Cement’s plants

One of Southern Province Cement’s plants

Southern Province Cement Co. received today, Jan. 1, a notice from Saudi Arabian Oil Co. (Saudi Aramco) on the adjustments of prices of fuel products used in cement production, effective as of today.

 

The company said the pricing adjustment would lead to a rise in production costs, which will appear in the financial results starting from the first quarter of 2025, according to a statement to Tadawul.

 

The financial impact will be announced once fully calculated, the statement added, noting that the company will work to mitigate the relevant impact.

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