SABIC AN, affiliates notified of higher feedstock prices

02/01/2025 Argaam
Logo ofSABIC Agri-Nutrients Co.(SABIC AN)

Logo of SABIC Agri-Nutrients Co. (SABIC AN)

SABIC Agri-Nutrients Co. (SABIC AN) and its affiliates in Saudi Arabia received an official notice from Saudi Arabian Oil Co. (Saudi Aramco) on an increase in feedstock prices, according to a Tadawul statement.

 

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The relevant financial impact is estimated at an increase of approximately 3.7% in the company's annual cost of sales according to the 2023 audited annual financial statements. This impact will appear starting from the first quarter of 2025.

 

SABIC AN continues to enhance its business efficiency and development in a responsible and sustainable manner, in addition to investing in innovation and development of production technologies and products. The company also seeks to maximize the use of the advantages of the competitive infrastructure available in the Kingdom to achieve its strategic objectives.

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