Yamama Cement receives Aramco notice on fuel price changes

02/01/2025 Argaam
Logo ofYamama Cement Co.

Logo of Yamama Cement Co.

Yamama Cement Co. received an official notice from Saudi Arabian Oil Co. (Saudi Aramco) regarding adjustments to the prices of fuel products used in cement production, effective Jan. 1.

 

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In a statement to Tadawul, the company said the adjustment will affect production costs, with the impact reflected in its financial results starting from the first quarter of 2025.

 

The company further noted that the financial impact is currently being evaluated and will be disclosed once determined.

 

It also emphasized ongoing efforts to identify strategies to mitigate the financial effects of this adjustment on its performance.

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