Yanbu Cement says fuel product prices adjusted by Saudi Aramco

02/01/2025 Argaam
Logo ofYanbu Cement Co.

Logo of Yanbu Cement Co.

Yanbu Cement Co. received a notice from Saudi Arabian Oil Co. (Saudi Aramco) on raising the prices of fuel products as of Jan. 1.

 

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In a statement to Tadawul, the cement producer said these price adjustments will result in a rise in production costs, starting Q1 2025.

 

Yanbu Cement will announce the expected financial impact once measured.

 

The company will work hard during the coming period on exploring ways to reduce the price rise impact on the financial results.

 

In 2024, the cement producer joined the Industrial Sector Competitiveness Program, which will contribute to reducing the financial impact and enhancing energy efficiency.

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